Cathie Wood’s ARK Snaps Up Tesla After Stock Plunges on Deliveries Miss

Cathie Wood’s ARK funds said Monday it had snapped up


Tesla


stock. It comes after the EV maker’s shares tumbled following a deliveries miss in the third quarter.

Wood’s


ARK Innovation

ARK Innovation


exchange-traded fund (ticker: ARKK) purchased 108,380 Tesla shares, while the

ARK Next Generation Internet ETF


(ARKW) bought 23,833 shares, according to a trade notification.