Tesla hits 7-month low, Cathie Wood buys $14 mn in dip

Tesla stock fell to a seven-month low following a delivery miss and technical breakdown. Cathie Wood's Ark Invest purchased $14 million in shares, maintaining long-term bullish conviction. However, bears remain loud, with JPMorgan reiterating an 'Underweight' rating and analysts warning of potential further downside due to weakening fundamentals and falling key moving averages.