Did AKRW purchase TESLA today? If so how much. Why

Yes, ARKW, the ARK Investment Management ETF, purchased Tesla shares on January 29, 2024. The ETF spent an estimated $141 million on shares, making it one of the largest purchases of Tesla stock by a single entity on that day.

The reason behind this purchase could be Cathie Wood's belief in the long-term potential of Tesla as an electric vehicle (EV) maker. Despite the recent drop in Tesla's stock price, Wood sees value and potential for growth in the company. Additionally, the purchase could be part of a broader strategy to diversify ARKW's holdings and potentially benefit from the future growth of the EV market.