Cathie Wood Loads Up $34.5M Worth Of Tesla As Shares Retreat Post Q1 Earnings Report
Cathie Wood-led Ark Investment Management bought 49,755 shares, worth about $34.55 million, inTesla Inc on Wednesday as the stock dipped in the aftermath of the electric vehicle maker reporting earnings for the first quarter.Tesla shares closed 1.47% lower at $694.40 on Wednesday and are down 5.9% since Monday's close of $738.20.Wood made the latest purchase for Ark Innovation ETF. Tesla holds the highest position in ARKK among a total of 58 stocks and contributed about 9.67% of the weight of th