Due to electric car manufacturers$Tesla (TSLA.US)$Delivery fell short of expectations in the third quarter, and the stock suffered its biggest one-day fall in four months on Monday. But at the same time, "wooden Sister" Casey Wood bought Tesla, Inc. shares. ARK Investment Management LLC funds bought 132213 shares of Tesla, Inc. on Monday, the first time the company has bought Tesla, Inc. shares since mid-June.

Tesla, Inc. fell on Monday as delivery problems and chip shortages affected delivery. Tesla, Inc. was also the worst performer in the S & P 500, which posted its biggest gain since July 27. The stock is down 31% this year, underperforming the s & p 500.

As of press time, Tesla, Inc. was up nearly 3 per cent before US stocks opened on Tuesday.

This is Wood's second purchase of shares in Tesla, Inc. in 2022, a year after she had been reducing her stake in Tesla, Inc.. The latest buying operation is further proof that Wood is on a bargain buying spree again.

By the end of June, Ark had sold Tesla, Inc. shares for at least five consecutive quarters, according to Bloomberg data. On Monday, Wood bought Tesla, Inc. shares mainly through its flagship funds Ark Innovation ETF and Ark Next Generation Internet ETF.

Ark's main ETF plunged 60 per cent in 2022 as growth stocks were hit by historic Fed tightening and fears of a global recession.