Cathie Wood's Ark Invest bet another $47 million on Tesla stock last week as the EV-maker slashed prices
Cathie Wood's Ark Invest snapped up more Tesla stock last week as the electric-vehicle maker slashed prices in Europe and the US.
Ark Invest exchange-traded funds bought a total 389,305 shares of Tesla stock worth $47 million last week. That came as Tesla announced it would slash prices on its Model 3 and Model Y models. The EV-maker has already, with the company battling slowing demand throughout last year amid rising inflation and global recession fears.
Overall, Tesla lost over $800 billion in market value in 2022, marking its steepest sell-off since the company first went public in 2010. Its stock is down over 60% from its all-time high in 2021. But Wood remains bullish on Elon Musk's car company, and has periodically loaded up on shares amid the ongoing market rout. She recently poured $19 million into the EV-maker, buying the dip after it announced it had
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Greenlight's David Einhorn is shorting innovation stocks like those held by Cathie WoodGreenlight Capital's David Einhorn made a successful bet against a slew of innovative technology stocks.
Read more »
First Mover Asia: Bitcoin Surges on Inflation Tailwinds, Hovers Near $21KBitcoin hovers near $21K after early weekend surge. Also, Sam Reynolds writes that Ark Invest's Cathie Wood is correct in thinking that disruptive innovation technologies that address issues have gained traction. JPRubin23 and thesamreynolds report.
Read more »
Former Ark Invest Crypto Lead Shares His Prediction About This Rally.cburniske says he will buy more if prices go down significantly from here but believes in a strong and explosive $BTC rally, similar to what we saw in 2019
Read more »
Naomie Ackie, Aimee Lou Wood, Emma Mackey Among Nominees for BAFTA Rising Star AwardThe award for up-and-coming on-screen talent is the only of BAFTA's honors to be voted on by the public.
Read more »
Scaramucci to invest in crypto firm founded by former FTX US bossAnthony Scaramucci, the founder SkyBridge Capital, has confirmed that he’s personally investing in FTX US President Brett Harrison’s new crypto software start-up.
Read more »
How to invest in crypto in 2023 | Interview with Jeff DormanNew video 📺 Live now! Has the crypto market reached a bottom? Watch Cointelegraph’s PigniGiovanni interview Jeff Dorman (jdorman81) as he shares insights on what to expect from crypto markets and the decoupling no one wanted.
Read more »