Source: Sina Finance

$Tesla (TSLA.US)$The stock price plummeted 4.8% in the intraday session on Tuesday, closing down 2.71% to $157.11, closing low for the third consecutive trading day, as investors feared its poor performance in the first quarter and rumors that the company's product line plans would undergo a strategic shift.

However, Cathy Wood, who has always been optimistic about Tesla, was not deterred. Her Ark Investment Management Company bought 20,683 Tesla shares worth 3.25 million US dollars on the same day.

Tesla is now the largest shareholder of Wood's flagship fund ARKK, with a weight of 9.83%. The fund currently holds 402,8071 Tesla shares worth US$650.45 million.

editor/tolk