Tesla Rebound Speeds Up as Cathie Wood Scoops Up Stock
- Buying marks Wood’s first purchase of shares since mid-June
- Ark ETFs bought little over 132,000 shares of Tesla on Monday
Catherine Wood
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
Tesla Inc. shares jumped Tuesday after Cathie Wood bought the company’s shares following their Monday’s plunge, prompted by a disappointing delivery number for the third quarter.
Funds backed by Wood’s Ark Investment Management LLC bought 132,213 shares in Elon Musk’s company on Monday, marking the firm’s first purchase of Tesla since mid-June, according to data compiled by Bloomberg.