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Cathie Wood's Ark Splurged On $32 Million In Tesla Shares During $70 Billion Stock Plunge

Por: Forbes Business October 04, 2022

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Topline Cathie Wood’s Ark Invest splurged on shares of Tesla on Monday as shares of the electric vehicle-maker helmed by Elon Musk tumbled to their lowest level in 11 weeks—doubling down on a lofty investment as analysts remain bullish the firm can withstand weakening economic conditions as it gears up for third-quarter earnings. Morgan Stanley says Tesla is likely to struggle as recession fears intensify, but believes shares ... [+] could... + full article



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