Ark Invest Buys $3.3M in Tesla Shares Amid Stock Slump

Cathie Wood's firm also invests $2.8M in Bitcoin ETF as Tesla's stock drops 25% this month.

Cathie Wood's Ark Invest buys $3.3 million worth of Tesla shares, despite the company's recent stock slump.
Ark Invest also purchased $2.8 million worth of shares in the ARK 21Shares Bitcoin ETF.
Tesla's stock has dropped 25% this month, prompting Wood to buy nearly 690,000 shares across two of her firm's ETFs.
Despite the dip, Tesla remains the third-largest holding in the Ark Innovation ETF.
Analysts caution investors to wait for improvements in Tesla's profitability before buying the stock.