Tesla's 80% Jump Doesn't Save Wood's Sinking ARKK – etf.com

Tesla’s impressive 80% jump in stock price was not enough to save Cathie Wood’s ARKK ETF from sinking. Despite the significant increase in Tesla’s stock value, ARKK still struggled to stay afloat. The ETF, which is heavily invested in innovative and high-growth companies like Tesla, has been facing challenges as market conditions remain uncertain. Wood’s ARKK ETF has been underperforming compared to other ETFs, and Tesla’s surge was not able to reverse the downward trend. Investors are closely monitoring the situation as they assess the impact on their portfolios.