Cathay Wood's ARK Buys $38.1M Tesla After 7.49% Single-Day Drop

According to The Street, on July 2, Cathay Wood's ARK Investment Management purchased 96,935 shares of Tesla (TSLA) for approximately $38.1 million, hours after the stock fell 7.49% in a single session. The buying came despite Tesla reporting second-quarter deliveries of 480,126 units, which exceeded both the prior-year period's 384,000 units and the first quarter's 358,023 units.
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