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ARK Invest Loads Up Tesla And Coinbase Shares

On a day Tesla Inc (NASDAQ: NASDAQ:TSLA) stock dropped to over two-year lows, Cathie Wood’s ARK Investment Management took the opportunity to load up on the EV maker’s shares, displaying its unflinching trust in the company.

ARK’s flagship fund, the ARK Innovation ETF (NYSE: ARKK), bought 25,147 shares of the company at an estimated valuation of about $2.7 million.

ARK has also loaded up on Coinbase (NASDAQ:COIN) Global Inc (NASDAQ: COIN) shares which closed Tuesday’s session 8% lower. The ARK Fintech Innovation ETF (NYSE: ARKF) bought over 6,000 shares of the company at an estimated valuation of over $200,000.

Tesla Coinbase Ark Invest
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