Cathie Wood's Ark Sells Tesla Shares Worth $14.5M Amid Rally Driven By Q2 Delivery Numbers, Picks Up Palantir Shares Again

Benzinga07-03

On Tuesday, Cathie Wood-led Ark Invest made significant adjustments to its portfolio, offloading a substantial number of shares in Tesla Inc and scooping up a hefty stake in Palantir Technologies Inc.

The Tesla Trade

Ark Invest reduced its stake in Tesla across two of its ETFs — ARK Innovation ETF and ARK Next Generation Internet ETF. The firm sold 56,425 and 6,442 shares respectively, the transaction was valued at $14.54 million. On Tuesday, Tesla shares closed 10.2% higher at $231.26, driven higher by thesecond-quarter delivery reportof the company. The numbers came ahead of the consensus estimate.

This move comes despite Wood’s previous statements, where she referred to the Elon Musk-led automaker as the “biggest AI project” in the world and predicted the stock to reach $2,000 per share in the coming years.

As recently as June, Ark Invest set a new price target for Tesla at $2,600 for 2029, heavily revolving around the company’s autonomous vehicle ambitions.

The Palantir Trade

On the same day, Ark Invest, through its ARK Autonomous Technology & Robotics ETF, purchased 37,053 shares of Palantir worth $957,078.

This investment comes as the AI sector gains momentum, with Palantir being described as the “Messi of AI,” and “probably the most underestimated AI play, maybe tech play, in the market today” by Dan Ives, the managing director at Wedbush.

Notably, Ark Invest picked up Palantir shares worth $5.16 million just a day earlier.

Other Key Trades:

Ark Invest sold shares of Teladoc Health Inc from its ARKF ETF.
The firm also sold shares of Twist Bioscience Corp from its ARKG ETF.
Ark Invest bought shares of Recursion Pharmaceuticals Inc and shares of Intellia Therapeutics Inc for its ARKG ETF.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Dr Rck
07-03
Dr Rck
Oh my not again, if she is so ardent a follower of TSLA and its potential, why does she need to sell now, isn't it a long term strategy for Ark Investment? That is, to see TSLA grow to become $2000 a share? Maybe she sees a dip in the next quarter call and wait for the price to drop before buying again, that's what a short term trader will do unlike Warren B.
Leecash
07-03
Leecash
Say 2000 but sell at 230? She divide by 10 not 10x?

Leave a comment

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The firm sold 56,425 and 6,442 shares respectively, the transaction was valued at $14.54 million. On Tuesday, Tesla shares closed 10.2% higher at $231.26, driven higher by thesecond-quarter delivery reportof the company. The numbers came ahead of the consensus estimate.</p><p style=\"text-align: start;\">This move comes despite Wood’s previous statements, where she referred to the Elon Musk-led automaker as the “biggest AI project” in the world and predicted the stock to reach $2,000 per share in the coming years.</p><p style=\"text-align: start;\">As recently as June, Ark Invest set a new price target for Tesla at $2,600 for 2029, heavily revolving around the company’s autonomous vehicle ambitions.</p><p><strong>The Palantir Trade</strong></p><p style=\"text-align: start;\">On the same day, Ark Invest, through its <strong>ARK Autonomous Technology &amp; Robotics ETF</strong>, purchased 37,053 shares of Palantir worth $957,078.</p><p style=\"text-align: start;\">This investment comes as the AI sector gains momentum, with Palantir being described as the “Messi of AI,” and “probably the most underestimated AI play, maybe tech play, in the market today” by <strong>Dan Ives</strong>, the managing director at Wedbush.</p><p style=\"text-align: start;\">Notably, Ark Invest picked up Palantir shares worth $5.16 million just a day earlier.</p><p style=\"text-align: start;\"><strong>Other Key Trades:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Ark Invest sold shares of <a href=\"https://laohu8.com/S/TDOC\">Teladoc Health Inc</a> from its ARKF ETF.</p></li><li><p>The firm also sold shares of <a href=\"https://laohu8.com/S/TWST\">Twist Bioscience Corp</a> from its ARKG ETF.</p></li><li><p>Ark Invest bought shares of <a href=\"https://laohu8.com/S/RXRX\">Recursion Pharmaceuticals Inc</a> and shares of <a href=\"https://laohu8.com/S/NTLA\">Intellia Therapeutics Inc</a> for its ARKG ETF.</p></li></ul></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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That is, to see TSLA grow to become $2000 a share? Maybe she sees a dip in the next quarter call and wait for the price to drop before buying again, that's what a short term trader will do unlike Warren B.","listText":"Oh my not again, if she is so ardent a follower of TSLA and its potential, why does she need to sell now, isn't it a long term strategy for Ark Investment? That is, to see TSLA grow to become $2000 a share? Maybe she sees a dip in the next quarter call and wait for the price to drop before buying again, that's what a short term trader will do unlike Warren B.","text":"Oh my not again, if she is so ardent a follower of TSLA and its potential, why does she need to sell now, isn't it a long term strategy for Ark Investment? That is, to see TSLA grow to become $2000 a share? 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The firm sold 56,425 and 6,442 shares respectively, the transaction was valued at $14.54 million. On Tuesday, Tesla shares closed 10.2% higher at $231.26, driven higher by thesecond-quarter delivery reportof the company. The numbers came ahead of the consensus estimate.</p><p style=\"text-align: start;\">This move comes despite Wood’s previous statements, where she referred to the Elon Musk-led automaker as the “biggest AI project” in the world and predicted the stock to reach $2,000 per share in the coming years.</p><p style=\"text-align: start;\">As recently as June, Ark Invest set a new price target for Tesla at $2,600 for 2029, heavily revolving around the company’s autonomous vehicle ambitions.</p><p><strong>The Palantir Trade</strong></p><p style=\"text-align: start;\">On the same day, Ark Invest, through its <strong>ARK Autonomous Technology &amp; Robotics ETF</strong>, purchased 37,053 shares of Palantir worth $957,078.</p><p style=\"text-align: start;\">This investment comes as the AI sector gains momentum, with Palantir being described as the “Messi of AI,” and “probably the most underestimated AI play, maybe tech play, in the market today” by <strong>Dan Ives</strong>, the managing director at Wedbush.</p><p style=\"text-align: start;\">Notably, Ark Invest picked up Palantir shares worth $5.16 million just a day earlier.</p><p style=\"text-align: start;\"><strong>Other Key Trades:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Ark Invest sold shares of <a href=\"https://laohu8.com/S/TDOC\">Teladoc Health Inc</a> from its ARKF ETF.</p></li><li><p>The firm also sold shares of <a href=\"https://laohu8.com/S/TWST\">Twist Bioscience Corp</a> from its ARKG ETF.</p></li><li><p>Ark Invest bought shares of <a href=\"https://laohu8.com/S/RXRX\">Recursion Pharmaceuticals Inc</a> and shares of <a href=\"https://laohu8.com/S/NTLA\">Intellia Therapeutics Inc</a> for its ARKG ETF.</p></li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Ark Sells Tesla Shares Worth $14.5M Amid Rally Driven By Q2 Delivery Numbers, Picks Up Palantir Shares Again</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Ark Sells Tesla Shares Worth $14.5M Amid Rally Driven By Q2 Delivery Numbers, Picks Up Palantir Shares Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-07-03 13:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>On Tuesday, Cathie Wood-led Ark Invest made significant adjustments to its portfolio, offloading a substantial number of shares in <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> and scooping up a hefty stake in <a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc</a>.</p><p style=\"text-align: start;\"><strong>The Tesla Trade</strong></p><p style=\"text-align: start;\">Ark Invest reduced its stake in Tesla across two of its ETFs — ARK Innovation ETF and ARK Next Generation Internet ETF. The firm sold 56,425 and 6,442 shares respectively, the transaction was valued at $14.54 million. On Tuesday, Tesla shares closed 10.2% higher at $231.26, driven higher by thesecond-quarter delivery reportof the company. The numbers came ahead of the consensus estimate.</p><p style=\"text-align: start;\">This move comes despite Wood’s previous statements, where she referred to the Elon Musk-led automaker as the “biggest AI project” in the world and predicted the stock to reach $2,000 per share in the coming years.</p><p style=\"text-align: start;\">As recently as June, Ark Invest set a new price target for Tesla at $2,600 for 2029, heavily revolving around the company’s autonomous vehicle ambitions.</p><p><strong>The Palantir Trade</strong></p><p style=\"text-align: start;\">On the same day, Ark Invest, through its <strong>ARK Autonomous Technology &amp; Robotics ETF</strong>, purchased 37,053 shares of Palantir worth $957,078.</p><p style=\"text-align: start;\">This investment comes as the AI sector gains momentum, with Palantir being described as the “Messi of AI,” and “probably the most underestimated AI play, maybe tech play, in the market today” by <strong>Dan Ives</strong>, the managing director at Wedbush.</p><p style=\"text-align: start;\">Notably, Ark Invest picked up Palantir shares worth $5.16 million just a day earlier.</p><p style=\"text-align: start;\"><strong>Other Key Trades:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Ark Invest sold shares of <a href=\"https://laohu8.com/S/TDOC\">Teladoc Health Inc</a> from its ARKF ETF.</p></li><li><p>The firm also sold shares of <a href=\"https://laohu8.com/S/TWST\">Twist Bioscience Corp</a> from its ARKG ETF.</p></li><li><p>Ark Invest bought shares of <a href=\"https://laohu8.com/S/RXRX\">Recursion Pharmaceuticals Inc</a> and shares of <a href=\"https://laohu8.com/S/NTLA\">Intellia Therapeutics Inc</a> for its ARKG ETF.</p></li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","PLTR":"Palantir Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132547086","content_text":"On Tuesday, Cathie Wood-led Ark Invest made significant adjustments to its portfolio, offloading a substantial number of shares in Tesla Inc and scooping up a hefty stake in Palantir Technologies Inc.The Tesla TradeArk Invest reduced its stake in Tesla across two of its ETFs — ARK Innovation ETF and ARK Next Generation Internet ETF. The firm sold 56,425 and 6,442 shares respectively, the transaction was valued at $14.54 million. On Tuesday, Tesla shares closed 10.2% higher at $231.26, driven higher by thesecond-quarter delivery reportof the company. The numbers came ahead of the consensus estimate.This move comes despite Wood’s previous statements, where she referred to the Elon Musk-led automaker as the “biggest AI project” in the world and predicted the stock to reach $2,000 per share in the coming years.As recently as June, Ark Invest set a new price target for Tesla at $2,600 for 2029, heavily revolving around the company’s autonomous vehicle ambitions.The Palantir TradeOn the same day, Ark Invest, through its ARK Autonomous Technology & Robotics ETF, purchased 37,053 shares of Palantir worth $957,078.This investment comes as the AI sector gains momentum, with Palantir being described as the “Messi of AI,” and “probably the most underestimated AI play, maybe tech play, in the market today” by Dan Ives, the managing director at Wedbush.Notably, Ark Invest picked up Palantir shares worth $5.16 million just a day earlier.Other Key Trades:Ark Invest sold shares of Teladoc Health Inc from its ARKF ETF.The firm also sold shares of Twist Bioscience Corp from its ARKG ETF.Ark Invest bought shares of Recursion Pharmaceuticals Inc and shares of Intellia Therapeutics Inc for its ARKG ETF.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":323471355514896,"gmtCreate":1719986034651,"gmtModify":1719986038380,"author":{"id":"4135556317610632","authorId":"4135556317610632","name":"Leecash","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"4135556317610632","authorIdStr":"4135556317610632"},"htmlText":"Say 2000 but sell at 230? She divide by 10 not 10x?&nbsp;","listText":"Say 2000 but sell at 230? She divide by 10 not 10x?&nbsp;","text":"Say 2000 but sell at 230? She divide by 10 not 10x?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323471355514896","repostId":1132547086,"repostType":2,"repost":{"id":"1132547086","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1719984946,"share":"https://ttm.financial/m/news/1132547086?lang=&edition=fundamental","pubTime":"2024-07-03 13:35","market":"us","language":"en","title":"Cathie Wood's Ark Sells Tesla Shares Worth $14.5M Amid Rally Driven By Q2 Delivery Numbers, Picks Up Palantir Shares Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1132547086","media":"Benzinga","summary":"On Tuesday, Cathie Wood-led Ark Invest made significant adjustments to its portfolio, offloading a substantial number of shares in $Tesla Inc(TSLA)$ and scooping up a hefty stake in $Palantir Technolo","content":"<html><head></head><body><p>On Tuesday, Cathie Wood-led Ark Invest made significant adjustments to its portfolio, offloading a substantial number of shares in <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> and scooping up a hefty stake in <a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc</a>.</p><p style=\"text-align: start;\"><strong>The Tesla Trade</strong></p><p style=\"text-align: start;\">Ark Invest reduced its stake in Tesla across two of its ETFs — ARK Innovation ETF and ARK Next Generation Internet ETF. The firm sold 56,425 and 6,442 shares respectively, the transaction was valued at $14.54 million. On Tuesday, Tesla shares closed 10.2% higher at $231.26, driven higher by thesecond-quarter delivery reportof the company. The numbers came ahead of the consensus estimate.</p><p style=\"text-align: start;\">This move comes despite Wood’s previous statements, where she referred to the Elon Musk-led automaker as the “biggest AI project” in the world and predicted the stock to reach $2,000 per share in the coming years.</p><p style=\"text-align: start;\">As recently as June, Ark Invest set a new price target for Tesla at $2,600 for 2029, heavily revolving around the company’s autonomous vehicle ambitions.</p><p><strong>The Palantir Trade</strong></p><p style=\"text-align: start;\">On the same day, Ark Invest, through its <strong>ARK Autonomous Technology &amp; Robotics ETF</strong>, purchased 37,053 shares of Palantir worth $957,078.</p><p style=\"text-align: start;\">This investment comes as the AI sector gains momentum, with Palantir being described as the “Messi of AI,” and “probably the most underestimated AI play, maybe tech play, in the market today” by <strong>Dan Ives</strong>, the managing director at Wedbush.</p><p style=\"text-align: start;\">Notably, Ark Invest picked up Palantir shares worth $5.16 million just a day earlier.</p><p style=\"text-align: start;\"><strong>Other Key Trades:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Ark Invest sold shares of <a href=\"https://laohu8.com/S/TDOC\">Teladoc Health Inc</a> from its ARKF ETF.</p></li><li><p>The firm also sold shares of <a href=\"https://laohu8.com/S/TWST\">Twist Bioscience Corp</a> from its ARKG ETF.</p></li><li><p>Ark Invest bought shares of <a href=\"https://laohu8.com/S/RXRX\">Recursion Pharmaceuticals Inc</a> and shares of <a href=\"https://laohu8.com/S/NTLA\">Intellia Therapeutics Inc</a> for its ARKG ETF.</p></li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Ark Sells Tesla Shares Worth $14.5M Amid Rally Driven By Q2 Delivery Numbers, Picks Up Palantir Shares Again</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Ark Sells Tesla Shares Worth $14.5M Amid Rally Driven By Q2 Delivery Numbers, Picks Up Palantir Shares Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-07-03 13:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>On Tuesday, Cathie Wood-led Ark Invest made significant adjustments to its portfolio, offloading a substantial number of shares in <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> and scooping up a hefty stake in <a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc</a>.</p><p style=\"text-align: start;\"><strong>The Tesla Trade</strong></p><p style=\"text-align: start;\">Ark Invest reduced its stake in Tesla across two of its ETFs — ARK Innovation ETF and ARK Next Generation Internet ETF. The firm sold 56,425 and 6,442 shares respectively, the transaction was valued at $14.54 million. On Tuesday, Tesla shares closed 10.2% higher at $231.26, driven higher by thesecond-quarter delivery reportof the company. The numbers came ahead of the consensus estimate.</p><p style=\"text-align: start;\">This move comes despite Wood’s previous statements, where she referred to the Elon Musk-led automaker as the “biggest AI project” in the world and predicted the stock to reach $2,000 per share in the coming years.</p><p style=\"text-align: start;\">As recently as June, Ark Invest set a new price target for Tesla at $2,600 for 2029, heavily revolving around the company’s autonomous vehicle ambitions.</p><p><strong>The Palantir Trade</strong></p><p style=\"text-align: start;\">On the same day, Ark Invest, through its <strong>ARK Autonomous Technology &amp; Robotics ETF</strong>, purchased 37,053 shares of Palantir worth $957,078.</p><p style=\"text-align: start;\">This investment comes as the AI sector gains momentum, with Palantir being described as the “Messi of AI,” and “probably the most underestimated AI play, maybe tech play, in the market today” by <strong>Dan Ives</strong>, the managing director at Wedbush.</p><p style=\"text-align: start;\">Notably, Ark Invest picked up Palantir shares worth $5.16 million just a day earlier.</p><p style=\"text-align: start;\"><strong>Other Key Trades:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Ark Invest sold shares of <a href=\"https://laohu8.com/S/TDOC\">Teladoc Health Inc</a> from its ARKF ETF.</p></li><li><p>The firm also sold shares of <a href=\"https://laohu8.com/S/TWST\">Twist Bioscience Corp</a> from its ARKG ETF.</p></li><li><p>Ark Invest bought shares of <a href=\"https://laohu8.com/S/RXRX\">Recursion Pharmaceuticals Inc</a> and shares of <a href=\"https://laohu8.com/S/NTLA\">Intellia Therapeutics Inc</a> for its ARKG ETF.</p></li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","PLTR":"Palantir Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132547086","content_text":"On Tuesday, Cathie Wood-led Ark Invest made significant adjustments to its portfolio, offloading a substantial number of shares in Tesla Inc and scooping up a hefty stake in Palantir Technologies Inc.The Tesla TradeArk Invest reduced its stake in Tesla across two of its ETFs — ARK Innovation ETF and ARK Next Generation Internet ETF. The firm sold 56,425 and 6,442 shares respectively, the transaction was valued at $14.54 million. On Tuesday, Tesla shares closed 10.2% higher at $231.26, driven higher by thesecond-quarter delivery reportof the company. The numbers came ahead of the consensus estimate.This move comes despite Wood’s previous statements, where she referred to the Elon Musk-led automaker as the “biggest AI project” in the world and predicted the stock to reach $2,000 per share in the coming years.As recently as June, Ark Invest set a new price target for Tesla at $2,600 for 2029, heavily revolving around the company’s autonomous vehicle ambitions.The Palantir TradeOn the same day, Ark Invest, through its ARK Autonomous Technology & Robotics ETF, purchased 37,053 shares of Palantir worth $957,078.This investment comes as the AI sector gains momentum, with Palantir being described as the “Messi of AI,” and “probably the most underestimated AI play, maybe tech play, in the market today” by Dan Ives, the managing director at Wedbush.Notably, Ark Invest picked up Palantir shares worth $5.16 million just a day earlier.Other Key Trades:Ark Invest sold shares of Teladoc Health Inc from its ARKF ETF.The firm also sold shares of Twist Bioscience Corp from its ARKG ETF.Ark Invest bought shares of Recursion Pharmaceuticals Inc and shares of Intellia Therapeutics Inc for its ARKG ETF.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":10,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1132547086"}