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Cathie Wood Adds $50 Million Of Tesla Stock After 15% Drop

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11:47 AM ET 07/24/2026

Cathie Wood was undaunted by Tesla's latest sell-off. On Thursday, Wood's ARK Invest bought over 160,000 shares of Tesla (TSLA) stock, despite it falling almost 15% on the day. Tesla stock tanked after an earnings call that left investors feeling its long-term AI projects like robotaxis and Optimus robots are farther off than previously thought. But Wood, who has long…