2024-02-11 08:00:00 ET
She's at it again: Cathie Wood, the head of Ark Invest, is snapping up shares of Tesla (NASDAQ: TSLA) with purchases worth more than $160 million so far in 2024.
Is it a brilliant move or a huge mistake? Here's what you need to know.
As noted above, Wood and her team have purchased over $160 million worth of Tesla stock since the start of the year. Wood's flagship fund, the ARK Innovation ETF (NYSEMKT: ARKK) , now owns about $640 million of Tesla stock, making the company the fund's second-largest holding behind Coinbase .
For further details see:
Cathie Wood Just Keeps Buying More of This Magnificent AI Stock