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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精彩评论

  • iamateh
    2021-07-10
    iamateh
    GOGOGO
  • ElenaM
    2021-07-08
    ElenaM
    [Smile] 
  • bzlim
    2021-07-08
    bzlim
    Back to loading up on her favorite stock? 
  • Alfred1007
    2021-07-08
    Alfred1007
    Wow..wait a year then to the moon again?
  • chunkiat14
    2021-07-08
    chunkiat14
    Like!
  • StarGate
    2021-07-08
    StarGate
    Pump more $$$$ telsa
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