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

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

Ark Invest acquired 160k Tesla shares ($51.2M) after Tesla missed earnings on margin pressure (discounting, credit revenue decline); trimmed Robinhood as crypto weakness accelerated. Signal for tech leaders: Tesla's competitive squeeze and Wood's rotation away from fintech/crypto exposure reflect broader market pullback from vulnerable segments.