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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Buys $28M In Tesla Shares As Stock Crashes, Ending Months-Long Profit Booking Spree

Tesla Inc. Cathie Wood Ark Invest Ark Investment Management

Cathie Wood-led Ark Investment Management on Thursday raised its exposure in Tesla Inc (NASDAQ:TSLA) on the dip, breaking its months-long profit-booking spree in the electric vehicle maker’s stock.

The popular money managing firm bought 33,482 shares — estimated to be worth $27.75 million based on the latest closing price— in Tesla.

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