Cathie Wood Just Keeps Buying More of This Magnificent AI Stock
She's at it again: Cathie Wood, the head of Ark Invest, is snapping up shares of (NASDAQ: TSLA) with purchases worth more than $160 million so far in 2024.
Is it a brilliant move or a huge mistake? Here's what you need to know.
As noted above, Wood and her team have purchased over $160 million worth of Tesla stock since the start of the year. Wood's flagship fund, the ARK Innovation ETF (NYSEMKT: ARKK), now owns about $640 million of Tesla stock, making the company the fund's second-largest holding behind Coinbase.
Source Fool.com
Tesla Inc Stock
€161.50
-1.550%
Our community is currently high on Tesla Inc with 55 Buy predictions and 26 Sell predictions.
With a target price of 248 € there is a hugely positive potential of 53.56% for Tesla Inc compared to the current price of 161.5 €.
