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After selling down Tesla position, Cathie Wood buys the dip

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Motley Fool

Why Tesla Stock Keeps Going Up

For the second day in a row, shares of Tesla (NASDAQ: TSLA) stock zoomed higher on Thursday — and indeed, after shooting up 4.9% yesterday, Tesla’s 5.8% gain as of 11:15 a.m. ET today suggests that momentum may be building behind the electric cars stock. Once again, you can thank Cathie Wood for that. As I pointed out yesterday, on Monday and Tuesday this week, growth investor Wood swooped in to buy nearly 42,000 Tesla shares for her various ARK ETF funds.

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