ARK Invest's Strategic Shift: Swapping Coinbase for Tesla
@EV_Dig:
$Tesla Motors(TSLA)$ was the subject of another day of buying from the bulls at ARK Invest, marking the second time in as many weeks the firm bought the automaker’s shares in its ETFs.ARK Invest, headed by Cathie Wood, is arguably the most bullish firm on Wall Street when it comes to Tesla stock.For years, Wood and ARK analysts have said that Tesla shares will be subject to exponential value increases, mostly due to the Robotaxi fleet and the completion of the Full Self-Driving suite.However, ARK went around eight months without buying Tesla shares in 2023 and made its first purchase since April on December 20, two weeks ago yesterday.During that buying period, ARK’s Innovation ETF, known as $ARK Innovation E