Many investors have been running away from
Tesla
stock in recent weeks, worried about disappointing car sales and whether Elon Musk’s decision to buy Twitter has become too distracting. Cathie Wood isn’t one of them.
As
Tesla
(ticker: TSLA) shares have tumbled 55% in the past three months, Wood’s
Ark Innovation Fund
(ARKK) has continued buying
Tesla
stock. The decline in Tesla’s stock price has caused its weighting to fall to 7% of the fund from 10% in October, making it the third-largest weighting after
Zoom Video Communications
(ZM) and
Exact Sciences
(EXAS).
Source: https://www.barrons.com/articles/cathie-wood-tesla-51672791575?siteid=yhoof2&yptr=yahoo