Cathie Wood has always been a Tesla (TSLA) bull, so there are no surprises here... or at least you'd think so. Whatever your opinion may be about Cathie Wood, she knows Tesla like the back of her hand, and this is the stock that she researches the most. TSLA stock is the largest holding for Ark Invest, with 9.5% of its holdings dedicated to it.
The reason I'd call the latest buy a surprise is that Cathie Wood hasn't been buying mindlessly. She has had a history of timing Tesla's highs and lows multiple times in the past few years, and the latest buy could mark Tesla turning the corner before making a recovery. TSLA stock is down 27% from its 6-month high. A full recovery implies 37% upside. If the market cooperates, this time TSLA stock could finally break through $500.
