Cathie Wood-led Ark Invest added more Tesla Inc (NASDAQ: TSLA) stock
May 26, 2022 06:47 AM ET (BZ Newswire) -- Long Ideas
Cathie Wood-led Ark Invest added more Tesla Inc (NASDAQ: TSLA) stock to its portfolio on Wednesday, raising its exposure to the electric vehicle maker for the third time in a row this week.
Ark Invest bought 1,343 shares, estimated to be worth $884,768, in Tesla on Wednesday.
Shares of the Elon Musk-led company closed 4.8% higher at $658.8 on Wednesday, but are down 45% so far this year.
Tesla shares have been under intense pressure ever since China introduced extensive three-week lockdowns, including production halts at Giga Shanghai.