The day after a lackluster fourth-quarter and full-year 2023 earnings report, (NASDAQ: TSLA) shares slid 12% on Jan. 25, and currently remain more than 50% off of highs. With macroeconomic headwinds forming and limited growth in the electric vehicle industry expected in the near term, Tesla investors are having to readjust expectations for the first time in a while.

But not popular investor Cathie Wood. Treating the sell-off as a buying opportunity, the funds of the Ark Invest CEO scooped up around 377,000 shares, good enough to bring  Ark's total position up to a value of $796 million and around 6% of its entire portfolio.

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Source Fool.com