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
€202.35
-0.520%
Our community is currently high on Tesla Inc with 73 Buy predictions and 29 Sell predictions.
With a target price of 245 € there is a positive potential of 21.08% for Tesla Inc compared to the current price of 202.35 €.
