Cathie Wood Adds to Tesla Wager After Post-Bitcoin Pullback
- Three Ark Investment ETFs said they raised Tesla holdings
- Electric carmaker’s shares have slumped since Bitcoin buy
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Cathie Wood’s magic touch is being put to the test following Ark Investment Management’s decision to increase its stake in Tesla Inc.
Shares of the electronic carmaker fell as much as 2.7% in New York Thursday before closing down 1.4% at $787.38. Ark disclosed late Wednesday that its flagship exchange-traded fund and two others boosted their Tesla holdings.