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Cathie Wood’s Ark Doubles Down On Tesla Despite Dip, But Dumps $56M In This Bitcoin-Linked Stock Amid Crypto Cooldown

Tesla, Inc. (NASDAQ:TSLA) received a vote of confidence from Cathie Wood‘s Ark Investment Management last week, as the investment firm swooped in to buy shares after a stock price dip. Ark’s Purchases Counteract Tesla Slide Three of Ark Invest’s actively managed exchange-traded funds (ETFs) purchased Tesla shares on Friday. This buying activity is significant because Tesla’s stock price had tumbled nearly 4% earlier in the session. While it recovered some losses, it still closed Friday down 1.15% at $170.83, according to Benzinga Pro data. Production Cut Rumors Spook Investors The decline was …