Cathie Wood buys more Tesla stock on a dip and keeps on cutting her Coinbase stake

When it comes to Tesla Inc.’s stock, Cathie Wood seems to subscribe to the Wall Street strategy of buying on dips and selling on rallies.Wood’s flagship ARK Innovation exchange-traded fund ARKK bought 94,733 shares of the electric-vehicle giant on Thursday, which at the closing price that day would be valued at $21.53 million.Tesla’s stock TSLA, -3.29% is the second-largest holding of the ETF, with a weighting of 7.9%, behind only Coinbase Global Inc.’s stock COIN, -5.85% at 9.28%. After a stretch of trimmi ...