As Tesla Rides Trump Rally, Cathie Wood Sells $15.4M Worth Of Stock

Benzinga11-20

On Tuesday, Cathie Wood-led Ark Invest made a notable move by offloading a significant number of shares in Tesla Inc. This decision comes amidst a surge in Tesla’s stock, fueled by reports of the incoming administration’s plans to ease restrictions on self-driving vehicles.

The TSLA Trade

Ark Invest’s decision to sell Tesla shares coincides with a period of significant growth for the electric vehicle giant. The company’s stock has been on an upward trajectory, largely due to reports suggesting that President-elect Donald Trump’s administration intends to prioritize a federal framework for autonomous vehicles. Such a move could potentially simplify the operation of self-driving cars, providing a significant boost to companies like Tesla.

According to data provided, Ark Invest sold 44,520 shares of Tesla on Tuesday. Given the closing price of $346 per share, the total value of the trade amounts to approximately $15.4 million. The trade was made through the ARK Innovation ETF.

Meanwhile, CNBC host Jim Cramer supports owning Tesla stock but dismisses reports of Trump easing self-driving regulations as a "bad reason" to buy. He highlights Tesla's strength as a tech company with high valuation potential beyond regulatory changes.

Other Key Trades:

Ark purchased Intellia Therapeutics Inc. and Tempus AI Inc. stock on Tuesday.
The firm sold stock of Rocket Lab USA Inc. and of Markforged Holding Corp. .
Ark also sold Senti Biosciences Inc and Nurix Therapeutics Inc stock.

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This decision comes amidst a surge in Tesla’s stock, fueled by reports of the ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"","article_id":"1100605743","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100605743","pubTimestamp":1732085046,"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"On Tuesday, Cathie Wood-led Ark Invest made a notable move by offloading a significant number of shares in $Tesla Inc(TSLA)$. 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