Cathie Wood's Ark Invest Piles Up More Tesla Shares

Cathie Wood Bullish on Tesla

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Cathie Wood's Ark Invest has added more Tesla shares worth around $30 million to its portfolio.

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The total number of shares purchased is now 190,976, according to recent reports.

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Tesla's current stock price is $153, making the total value of Ark Invest's Tesla shares around $29.2 million.

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Wood has been bullish on Tesla's future, predicting that the stock could reach $2,000 by 2027 on the back of a "robotaxi boom."

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The Ark Invest CEO is known for her active management style and conviction in disruptive technology companies like Tesla.

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April has not been a great month for the stock, especially after its earnings announcement when chief Elon Musk asserted he prefers volumes over margins.

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Despite recent volatility in the market, Wood remains confident in Tesla's long-term growth potential.

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