Cathie Wood buys $38.1 million in Tesla shares during 7% stock decline
By
Silin Chen
Summary
Cathie Wood's Ark Investment Management purchased $38.1 million worth of Tesla stock during a sharp 7%+ single-day decline, continuing her strategy of buying high-conviction "disruptive" tech stocks during market pullbacks. The article notes that in 2025, the flagship Ark Innovation ETF (ARKK) significantly outperformed the S&P 500 with a 35.49% gain versus 17.88%, though so far this year ARKK has underperformed the broader market (up 4.34% vs. 9.32%).
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bskyCathie Wood buys $38.1 million in Tesla shares during 7% stock declinemiramarflnews.comKey quotes
· 3 pulledCathie Wood, chief of Ark Investment Management, is known for buying 'disruptive' tech stocks during market pullbacks.
That's what she just did, adding one of her highest-conviction investments, Tesla, as the stock fell more than 7% in a day.
In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500's return of 17.88% in the same period.
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