Zhitong Finance APP learned that the stock price fell the largest single-day decline in four months on Monday as electric vehicle maker Tesla failed to meet expectations in the third quarter.

Zhitong Finance APP learned that the stock price of the stock showed its largest single-day decline in four months on Monday as the third-quarter delivery volume of electric vehicle maker Tesla (TSLA.US). But at the same time, "Miss Wood" Casey Wood bought Tesla stock. ARK Investment Management LLC's fund bought 132,213 shares of Tesla on Monday, the company's first purchase of Tesla shares since mid-June.

Tesla fell on Monday because shipment issues and chip shortages affected delivery volumes. On that day, Tesla was also the worst performer among the S&P 500 index components, and the S&P 500 index achieved its largest increase since July 27. The stock has fallen 31% this year, underperforming the S&P 500.

This is the second time Wood has purchased Tesla shares in 2022, after she has been reducing her stake in Tesla shares the year before. The latest acquisition further proves that Wood has begun a wave of buying on dips again. Data from

Bloomberg shows that as of the end of June, Ark has sold Tesla shares for at least five consecutive quarters. Wood bought Tesla shares mainly through flagship fund Ark Innovation ETF and Ark Next Generation Internet ETF on Monday.

Ark's major ETFs plummeted 60% in 2022 as the historic tightening policy of the Federal Reserve and market concerns about a global recession hit growth stock .