ARK Buys Tesla Stock; Musk Says He Ignores Crypto
Cathie Wood’s Ark Invest is betting big on Tesla Inc., the electric vehicle company led by entrepreneur Elon Musk, who acknowledged last week that despite rising interest in a spot bitcoin ETF, he’s not terribly focused on cryptocurrencies. A long-time bullish voice supporting Musk’s carmaker, Wood purchased 111,000 Tesla shares on Wed. Dec. 20. The flagship Ark Innovation ETF (ARKK) bought 93,965 shares,...