Cathie Wood Scoops Up Tesla Shares as Stock Sinks, Ark Trims Robinhood Amid Crypto Weakness - Robinhood M

On Thursday, Cathie Wood’s Ark Invest made two headline buys: Tesla Inc.

(NASDAQ:TSLA) and Robinhood Markets Inc.

(NASDAQ:HOOD), even as both stocks were under pressure in the market.

Tesla tumbled after a weak earnings reaction, while Robinhood slid amid broader tech weakness and crypto-related selling.

The Tesla Trade Ark Invest purchased 160,151 shares of Tesla on Thursday through ARK Innovation ETF (BATS:ARKK), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), ARK Next Generation Internet ETF (BATS:ARKW) and ARK Space & Defense Innovation ETF (BATS:ARKX).