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Cathie Wood Loads Up $71M In Tesla On Dip

Benzinga2021-07-08

Cathie Wood-led Ark Investment Management on Wednesday snapped up 110,731 shares, estimated to be worth about $71.38 million, in Tesla Inc(NASDAQ:TSLA) on the dip.

Tesla shares closed 2.26% lower at $644.65 on Wednesday and have advanced about 7.6% since Arklast boughtthe company's shares in early June.

The New York-based investment deployed the Ark Innovation ETF(NYSE:ARKK) to buy the shares and also hold Tesla stock via two other traded funds, namely, the Ark Autonomous Technology & Robotics ETF(BATS:ARKQ) and theArk Next Generation Internet ETF(NYSE:ARKW).

All three ETFs – ARKK, ARKQ and ARKW- count Tesla among their largest holdings and together held about 4.93 million shares, worth $3.25 billion, in the electric vehicle company ahead of Wednesday’s trade.

A Tesla bull, Ark Funds had in Marchupdatedits price target on electric vehicle maker’s stock to $3,000 per share, to be reached by 2025.

Some of the other key Ark Invest buys on Wednesday included Coinbase Global Inc(NASDAQ:COIN),UiPath Inc(NYSE:PATH),Quantum-Si Inc(NASDAQ:QSI) and sells included Pluristem Therapeutics Inc(NASDAQ:PSTI) and Pure Storage Inc(NYSE:PSTG).

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评论23

  • iamateh
    ·2021-07-10
    GOGOGO
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  • ElenaM
    ·2021-07-08
    [Smile] 
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  • bzlim
    ·2021-07-08
    Back to loading up on her favorite stock? 
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  • Alfred1007
    ·2021-07-08
    Wow..wait a year then to the moon again?
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  • chunkiat14
    ·2021-07-08
    Like!
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  • StarGate
    ·2021-07-08
    Pump more $$$$ telsa
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    收起
    • StarGate
      TSLA
      2021-07-08
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  • Gzong
    ·2021-07-08
    Buy more!
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  • ARIESan
    ·2021-07-08
    [Silence] 
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  • JCKL488
    ·2021-07-08
    Tesla has more downward pressure. Wait a little 
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  • laochiobu
    ·2021-07-08
    Buy the dip
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  • Like and comment please
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    收起
    • edamame
      done. comment back tx
      2021-07-08
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  • Dawang
    ·2021-07-08
    ARK sold Palantir to buy this ar? 😂
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  • newbiee
    ·2021-07-08
    Please like thank you
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  • Genesis8888
    ·2021-07-08
    3k is conservative. 
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    收起
    • newbiee
      Agreed
      2021-07-08
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  • KINGVIC
    ·2021-07-08
    Wow
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  • 丰人
    ·2021-07-08
    Like
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  • Lyehoe
    ·2021-07-08
    Like and comment
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  • Hannibal2019
    ·2021-07-08
    Ggg
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  • Nocturne78
    ·2021-07-08
    Like
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  • Miyawis
    ·2021-07-08
    Please like and comment 
    回复
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    收起
    • Rache13
      Done
      2021-07-09
      回复
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