ARK Invest Buys 160,000 Tesla Shares on Thursday Amid Market Selloff

TSLA-2.03%
According to Barron's, ARK Invest bought approximately 160,000 Tesla shares across four ETF funds on Thursday (July 24), following Tesla's weaker-than-expected Q2 earnings report. The purchases were made through ARK Innovation ETF, ARK Space & Defense Innovation ETF, ARK Next Generation Internet ETF, and ARK Autonomous Technology & Robotics ETF. Tesla's stock fell 15% on Thursday after the company reported Q2 operating income of $400 million, missing Wall Street expectations by approximately $1.3 billion. The stock declined an additional 2.1% on Friday, closing at $313.03.
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