Tesla, Inc. (NASDAQ:TSLA) stalled its post-earnings sell-off on Friday and ended modestly higher for the session. As the stock bounces around an eight-month low, Cathie Wood’s Ark Invest continued to pile into the stock.
What Happened: Ark’s flagship exchange-traded fund, the Ark Innovation ETF (NYSE:ARK), and the Ark Next Generation ETF (NYSE:ARKW) accumulated 182,541 Tesla shares Friday. At Friday’s close of $183.25, the purchase is valued at $33.45 million.
On Thursday, after the stock’s 12%+ drop, Ark beefed up its Tesla stake by 177,870 shares or $32.48 million.
The aggregate purchase for the week was $65.93M worth of Tesla shares.