The US investor has bought Tesla several times this year.
(Photo: Reuters)
Dusseldorf US investor Cathie Wood has once again used the recent weakness in Tesla shares to increase its stake in the electric car manufacturer. With the flagship fund Ark Innovation ETF (ARKK) of her investment company Ark Invest, she bought 19,125 more Tesla shares on Tuesday, according to the latest announcement.
In view of the price losses at Tesla, Wood is taking a high risk. That’s what she’s known for: The investor was an icon in the tech boom, and her funds brought in high profits. Rising inflation and the resulting tighter monetary policy with rising interest rates put the brakes on the tech boom.
Tesla shares temporarily hit their lowest level in two years on Tuesday. They went eight percent lower below $ 138 from trading. They are slightly up in US early trading on Wednesday. At the beginning of January, a share cost more than $400.
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