Cathie Wood’s Ark Invest Snatches Up $4.7M More In Tesla Shares, Invests Equally In This Rocket Company

Benzinga

In a notable move on Thursday, Cathie Wood‘s Ark Invest acquired a substantial number of Tesla Inc (NASDAQ:TSLA) shares, valued at approximately $4.7 million. Ark Invest's continued confidence in Tesla's market potential is underlined by this purchase, which is part of a series of recent investments in the company led by Elon Musk. ARK Innovation Exchange Trust (NYSE:ARKK) and ARK Next Generation Internet Exchange Trust (NYSE:ARKW) are responsible for purchasing the Tesla shares. Thursday marked the completion of ark's purchase of 24,782 shares. The shares ended the day with a slight increase of 0.8% to $188.86. Tesla shares have a distinctive appearance...