Buy the Tesla Dip? This 5-Star Investing Guru Just Did
Shares of Tesla (NASDAQ: TSLA) climbed more than 700% in 2020. However, that has some people wondering whether the stock isn't due for a downturn. Indeed, those concerns took shape last week, as Tesla's stock fell steadily to drop below the $800 per share level by Friday.
For many who have a big profit on a stock position, a decline might prompt some modest profit-taking or even a full-scale liquidation of their holdings. But for ace investor Cathie Wood at ARK Invest, the dip in Tesla was an opportunity to buy -- and buy she did, without hesitation.
Image source: Tesla.
Source Fool.com
