Cathie Wood Bought $53.5 Million of Tesla Stock Right After Elon Musk's Post-Earnings Sell-Off. Is a Rebound Coming?

Ark Investment Management purchased $53.5 million in Tesla stock following the company's mixed Q2 earnings report, which showed strong vehicle deliveries (480,126 units, +25% YoY) but declining profitability (EPS down 18% YoY to $0.33). The stock's potential rebound depends on Tesla's ability to scale its robotaxi business and deliver on its Optimus humanoid robot project, though investors should be cautious about management's track record of overpromising.