Tesla Stock Rebound Boosts Cathie Wood’s ARK Innovation. Still Falling Short.
The recent uptick in Tesla’s stock has provided a lift to Cathie Wood’s ARK Innovation ETF. However, the rebound is not enough to fully revive the struggling fund. Despite the positive impact of Tesla’s performance, ARK Innovation continues to face challenges. Investors are closely monitoring the fund’s progress as it navigates through a volatile market. While the stock rebound is a step in the right direction, it remains to be seen if ARK Innovation can sustain this momentum in the long run.