Source: Sina Finance

Cathy Wood's Ark Investment Management Company continued to buy on Monday$Tesla (TSLA.US)$The stock, although the stock has rebounded.

The company bought 163,421 Tesla shares worth US$28.21 million through its two funds, ARKK and ARKW.

Tesla shares rose 1.05% on Monday to close at $172.63, while the S&P 500 index fell 0.31% on the same day.

Although Mizuho Securities revised Tesla's rating on Monday, it did not stop the stock from rebounding. Due to concerns about the recent electric vehicle market, Mizuho Securities analyst Vijay Rakesh (Vijay Rakesh) downgraded Tesla's rating from buying to neutral.

Last Friday, Ark bought about $20 million worth of Tesla shares.

editor/tolk