
Tesla (TSLA) is seeing a chronic sales decline this year amidst rising competition from the likes of BYD (BYDDY), but this has not deterred influential investor Cathie Wood.
The founder and chief executive of Ark Invest loaded up on nearly 60,000 TSLA shares late last week across two of her flagship funds: the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW).