Shares of the electronic carmaker fell as much as 2.7% in New York Thursday before closing down 1.4% at $787.38. Ark disclosed late Wednesday that its flagship exchange-traded fund and two others boosted their Tesla holdings.
Tesla has slumped nearly 10% over the past two weeks, with the decline quickening its pace after the company announced Feb. 8 that it added about $1.5 billion in Bitcoin to its balance sheet. While Tesla’s market value shrunk during the recent ...