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With a jump of 80%, Tesla's weight in the ARKK fund has reached an unparalleled high
On July 10th, Tesla's stock price rebound in recent months has made the electric car manufacturer's weight in the $6.20 billion flagship fund of "Sister Wood" Cathie Wood hit a new high. According to the relevant summary data, Tesla now accounts for 15.4% of the ARK Innovation ETF (ARKK) after rebounding more than 80% from the low of the year hit in April. This is after the fund reduced its Tesla position in recent weeks. According to the analysis of Strategas Securities, such a weight represent...
2024-07-09 23:30:55
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