Cathie Wood Bottom Fishes Huge Tesla Stake After Wall Street Dumps Stock Over Elon Musk's Price Cut Remarks

Benzinga2023-04-21

ZINGER KEY POINTSARK purchased over 256,000 shares of Tesla at an estimated valuation of over $41.7 million.Tesla is the top holding in ARKK with a weight of 9.38%.ARK sold over 739,000 shares of ...

Source Link

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

TassieCraig
2023-04-21
TassieCraig
Nice
King19
2023-04-21
King19
This is greedy not fearful 😂
Stevenwml
2023-04-21
Stevenwml
Others are fearful, ok buy
JimmyChua
2023-04-21
JimmyChua
High risk

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1145239297?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-04-21 11:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1145239297","market":"us","top_or_hot":-1,"title":"Cathie Wood Bottom Fishes Huge Tesla Stake After Wall Street Dumps Stock Over Elon Musk's Price Cut Remarks","media":"Benzinga","content":"<div>\n<p>ZINGER KEY POINTSARK purchased over 256,000 shares of Tesla at an estimated valuation of over $41.7 million.Tesla is the top holding in ARKK with a weight of 9.38%.ARK sold over 739,000 shares of ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/23/04/31928114/cathie-wood-bottom-fishes-huge-tesla-stake-after-wall-street-dumps-stock-over-elon-musks-price-c\">Source Link</a>\n\n</div>\n","source":"lsy1606299360108","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 Bottom Fishes Huge Tesla Stake After Wall Street Dumps Stock Over Elon Musk's Price Cut Remarks</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; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; 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 Bottom Fishes Huge Tesla Stake After Wall Street Dumps Stock Over Elon Musk's Price Cut Remarks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-21 11:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/equities/23/04/31928114/cathie-wood-bottom-fishes-huge-tesla-stake-after-wall-street-dumps-stock-over-elon-musks-price-c><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSARK purchased over 256,000 shares of Tesla at an estimated valuation of over $41.7 million.Tesla is the top holding in ARKK with a weight of 9.38%.ARK sold over 739,000 shares of ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/23/04/31928114/cathie-wood-bottom-fishes-huge-tesla-stake-after-wall-street-dumps-stock-over-elon-musks-price-c\">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":"https://www.benzinga.com/markets/equities/23/04/31928114/cathie-wood-bottom-fishes-huge-tesla-stake-after-wall-street-dumps-stock-over-elon-musks-price-c","article_id":"1145239297","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1145239297","pubTimestamp":1682046776,"columns":[],"sourceInfo":{"source_id":"lsy1606299360108","name":"Benzinga"},"weMediaInfo":null,"summary":"ZINGER KEY POINTSARK purchased over 256,000 shares of Tesla at an estimated valuation of over $41.7 ","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉","SHOP":"Shopify Inc"},"translate_title":"凯西伍德底部鱼巨大的特斯拉股份后，华尔街抛售股票埃隆马斯克的降价言论","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHOP":0.9,"TSLA":0.9},"content_text":"ZINGER KEY POINTSARK purchased over 256,000 shares of Tesla at an estimated valuation of over $41.7 million.Tesla is the top holding in ARKK with a weight of 9.38%.ARK sold over 739,000 shares of Shopify at an estimated valuation of over $35 million.Cathie Wood-led ARK Investment Management bought a huge stake in Tesla Inc on Thursday after the EV-maker's shares fell over 9% following CEO Elon Musk's comments on price cuts.What Happened: Funds operated by ARK purchased over 256,000 shares of the EV-maker at an estimated valuation of over $41.7 million based on Thursday's closing price. The purchase was done via the flagship ARK Innovation ETF and the ARK Next Generation Internet ETF.Tesla is the top holding in ARKK with a weight of 9.38%, according to data available on the firm's website at the time of writing.Shares of Tesla closed 9.75% lower on Wednesday after Musk indicated the EV-maker will continue cutting prices despite taking a hit on margins. Tesla’s operating margin fell 779 basis points to 11.4% during the first quarter compared to the same period a year ago.However, Musk defended the EV-maker’s drastic fall in margins and said pushing for higher volumes and a larger fleet is the right choice versus a lower volume and higher margin.\"We expect our vehicles, over time, will be able to generate significant profit through autonomy. So we do believe we are like laying the groundwork here, and then it’s better to ship a large number of cars at a lower margin, and subsequently, harvest that margin in the future as we perfect autonomy. This is an extremely important point,\" Musk said during the earnings call.The EV-maker reported revenue of $23.33 billion for the first quarter, up 24% year-over-year.Major Sale: ARK sold over 739,000 shares of e-commerce company Shopify Inc on Thursday at an estimated valuation of over $35 million based on Thursday's closing price. Shares of the company have gained over 34% since the beginning of the year.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9944452655,"gmtCreate":1682050107577,"gmtModify":1682050111198,"author":{"id":"4141871584156262","authorId":"4141871584156262","name":"TassieCraig","avatar":"https://community-static.tradeup.com/news/a5b0211e6dd48064fc005c37cf6e304b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4141871584156262","authorIdStr":"4141871584156262"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944452655","repostId":1145239297,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9944453995,"gmtCreate":1682048120718,"gmtModify":1682048125407,"author":{"id":"4088135301967120","authorId":"4088135301967120","name":"King19","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"4088135301967120","authorIdStr":"4088135301967120"},"htmlText":"This is greedy not fearful 😂&nbsp;","listText":"This is greedy not fearful 😂&nbsp;","text":"This is greedy not fearful 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944453995","repostId":1145239297,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9944459223,"gmtCreate":1682047934863,"gmtModify":1682047938914,"author":{"id":"4100316437044830","authorId":"4100316437044830","name":"Stevenwml","avatar":"https://community-static.tradeup.com/news/6c709b93db815fb5a0c95b5f3ecd2c56","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1,"idStr":"4100316437044830","authorIdStr":"4100316437044830"},"htmlText":"Others are fearful, ok buy","listText":"Others are fearful, ok buy","text":"Others are fearful, ok buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944459223","repostId":1145239297,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9944459611,"gmtCreate":1682047866133,"gmtModify":1682047870189,"author":{"id":"3574984385549978","authorId":"3574984385549978","name":"JimmyChua","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574984385549978","authorIdStr":"3574984385549978"},"htmlText":"High risk","listText":"High risk","text":"High risk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944459611","repostId":1145239297,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":30,"commentSize":4,"repostSize":4,"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":"4.29.3","shortVersion":"4.29.3","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/1145239297"}