
Popular stock picker Cathie Wood's Ark Investment Management on Tuesday stayed away from buying or selling any shares in Tesla Inc (NASDAQ:TSLA) on the dip, daily trade data from the money managing firm showed.
Tesla shares plunged lower on Tuesday and reportedly lost $126 billion in value amid investor concerns that CEO Elon Musk may have to sell shares to fund his $44 billion buyout of Twitter Inc (NYSE:TWTR).