该公司最近还买入Although at odds with Musk's views on bitcoin, Cathie Wood's Ark Investment Management is taking in Tesla on the bargain side.Firmly long the stocks it believes in.
Ark's ETF increased its stake in Tesla by more than 47000 shares in the most recent trading day, according to data released Tuesday night. Although worth only $27 million, this is the first time that Ark has bought Tesla since April.
Tesla's share price has fallen 38 per cent from its January high as inflation fears prompted investors to sell expensive assets. This creates an opportunity for Wood to show off its hobbies and increase its positions in its preferred technology stocks at low points in the market.
The company also recently bought Twitter.The social media company has just had its worst week since October. In addition, Wood has been increasing its positions in Coinbase Global Inc.--, the cryptocurrency exchange, which has been falling over the past month after a brief rise in IPO in April.
Musk was partly to blame for the decline because he criticized the high energy consumption of bitcoin mining and suspended the purchase of Bitcoin cars, causing the largest cryptocurrency to plummet.
Ark is also an advocate of Bitcoin and firmly believes that it is good for the planet. Although Wood seems firmly bullish on Tesla, well-known investor Michael Burry has aggressively shorted through put options.
Bitcoin has erased all gains since Tesla announced his acceptance of Bitcoin car purchases on Feb. 8. As of 10: 28 a.m. New York time, the price is about $35700. Tesla shares fell 4.4 per cent.
