Cathie Wood's ARK Investment Management faced a decline in its flagship fund to a five-month low, primarily due to a drop in Tesla shares following a round of job cuts on April 16. Despite the downturn, ARK continued to invest in Tesla, purchasing a total of 92,687 shares over two consecutive days. On the first day, ARK bought 20,683 shares, followed by an additional 5,500 shares later that day. The following day, ARK acquired another 66,504 shares of Tesla.