Cathie Wood scoops up Tesla as stock tumbles on deliveries miss in Q3

Cathie Wood bought Tesla Inc. shares as they plunged the most in four months after the electric carmaker’s third-quarter deliveries missed expectations.
 

Funds backed by Wood’s Ark Investment Management LLC bought 132,213 shares in Elon Musk’s company on Monday, marking the firm’s first purchase of Tesla since mid-June, according to data compiled by Bloomberg. 

Tesla fell 8.6% on Monday, the most since June 3, as shipment issues and chip shortages weighed on deliveries. It was also the worst performer in the S&P 500 Index, which notched its best day since July 27. The stock rose 3% in premarket trading on