ARK Innovation ETF
Finance
Boom Or Bust Investor Cathie Wood Under Pressure!
The controversial US investment celebrity Cathie Wood and her ARK funds have had great success with the Tesla shares. ARK investors had a great time in 2020, but things haven't been so great in 2021 and 2022. Woods is described by the Financial Times as a "boom or bust investor" who invests in shares of disruptive companies that produce a lot of hope but no profits, such as Tesla. Her ARK funds have certainly benefited from the easy money policy of the last Covid-19 pandemic years. Just like cryptocurrencies, of which Cathie Wood is also a big fan.
Finance
No New Models in 2022 but Cathie Wood Sticks To Tesla!
She still believes in Tela. According to Barron's, Cathie Wood’s ARK Investment ETFs purchased 33,482 shares of the electric-vehicle company Tesla recently. On the day of the new investment, the Tesla stock closed Thursday at $829.10, down 11.6%. At that price, Wood paid an estimated $27.76 million for the shares.
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