Tesla Bull Cathie Wood's Ark Invest Buys $7.16M Worth Of EV Maker's Shares After Q2 Earnings Reveal Profits Tanked Sharply (Corrected) – Markets Insider

Cathie Wood’s Ark Invest recently purchased $7.16 million worth of shares from Tesla, after the electric vehicle maker reported a sharp decline in profits for the second quarter. Wood, a prominent Tesla bull, made the investment despite the company’s disappointing earnings. The move highlights Wood’s confidence in Tesla’s long-term potential, despite its short-term challenges.