Cathie Wood Bolsters Her Position in Elon Musk’s Tesla By Buying Nearly 70K Shares

Seeking Alpha2023-03-09

Cathie Wood's Ark Invest added nearly 70K shares of Elon Musk's Tesla (TSLA) to the firm's holdings, buying the stock for two of its innovation-focused exchange traded funds.In total, Wood and her ...

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Comments

yobobs
2023-03-09
yobobs
good move
MIe
2023-03-09
MIe
Wood see opportunity to buy tesla dip for upside

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The purchases were made by the Ark Innovation ETF (NYSEARCA: ARKK) and the ARK Next Generation Internet ETF (NYSEARCA: ARKW). ARKK added 51,960 shares, while ARKW purchased 17,369 shares.</p><p>ARKK now holds $726.5M in the market value of TSLA while ARKW holds $81.85M. Additionally, ARKK has Tesla listed as the fund’s heaviest weighted position at 9.96%. At the same time, ARKW lists Tesla as its fourth most significant position with a 6.57% weighting.</p><p>Year-to-date price action: TSLA+68.3%, ARKK+27.7%, and ARKW+34.9%.</p><p>Wood’s ARKK which has the largest stake in TSLA compared to any other of her actively managed funds has a strong correlation to the price movements of the electric car manufacturer. See below a one-year chart of the two instruments side-by-side.</p><p><img src=\"https://static.tigerbbs.com/7e3bf82b6337eee33bb6c068ce7eb797\" tg-width=\"1280\" tg-height=\"596\" referrerpolicy=\"no-referrer\"/></p><p>In other news, US safety regulators have opened an investigation into an issue with Tesla’s (TSLA) Model Y SUV wherein thesteering wheel can become detached.</p></body></html>","source":"seekingalpha","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 Bolsters Her Position in Elon Musk’s Tesla By Buying Nearly 70K Shares</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 Bolsters Her Position in Elon Musk’s Tesla By Buying Nearly 70K Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-09 21:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3945910-cathie-wood-bolsters-her-position-in-elon-musks-tesla-with-nearly-70k><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood's Ark Invest added nearly 70K shares of Elon Musk's Tesla (TSLA) to the firm's holdings, buying the stock for two of its innovation-focused exchange traded funds.In total, Wood and her ...</p>\n\n<a href=\"https://seekingalpha.com/news/3945910-cathie-wood-bolsters-her-position-in-elon-musks-tesla-with-nearly-70k\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKW":"ARK Next Generation Internation ETF","ARKK":"ARK Innovation ETF","TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/news/3945910-cathie-wood-bolsters-her-position-in-elon-musks-tesla-with-nearly-70k","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1179669478","content_text":"Cathie Wood's Ark Invest added nearly 70K shares of Elon Musk's Tesla (TSLA) to the firm's holdings, buying the stock for two of its innovation-focused exchange traded funds.In total, Wood and her team added 69,329 shares of the EV maker on Tuesday. The purchases were made by the Ark Innovation ETF (NYSEARCA: ARKK) and the ARK Next Generation Internet ETF (NYSEARCA: ARKW). ARKK added 51,960 shares, while ARKW purchased 17,369 shares.ARKK now holds $726.5M in the market value of TSLA while ARKW holds $81.85M. Additionally, ARKK has Tesla listed as the fund’s heaviest weighted position at 9.96%. At the same time, ARKW lists Tesla as its fourth most significant position with a 6.57% weighting.Year-to-date price action: TSLA+68.3%, ARKK+27.7%, and ARKW+34.9%.Wood’s ARKK which has the largest stake in TSLA compared to any other of her actively managed funds has a strong correlation to the price movements of the electric car manufacturer. See below a one-year chart of the two instruments side-by-side.In other news, US safety regulators have opened an investigation into an issue with Tesla’s (TSLA) Model Y SUV wherein thesteering wheel can become detached.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949368100,"gmtCreate":1678371803900,"gmtModify":1678371809667,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3577182936341023","idStr":"3577182936341023"},"htmlText":"Wood see opportunity to buy tesla dip for upside&nbsp;","listText":"Wood see opportunity to buy tesla dip for upside&nbsp;","text":"Wood see opportunity to buy tesla dip for upside","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949368100","repostId":1179669478,"repostType":4,"repost":{"id":"1179669478","pubTimestamp":1678369541,"share":"https://ttm.financial/m/news/1179669478?lang=&edition=fundamental","pubTime":"2023-03-09 21:45","market":"us","language":"en","title":"Cathie Wood Bolsters Her Position in Elon Musk’s Tesla By Buying Nearly 70K Shares","url":"https://stock-news.laohu8.com/highlight/detail?id=1179669478","media":"Seeking Alpha","summary":"Cathie Wood's Ark Invest added nearly 70K shares of Elon Musk's Tesla (TSLA) to the firm's holdings,","content":"<html><head></head><body><p>Cathie Wood&#39;s Ark Invest added nearly 70K shares of Elon Musk&#39;s Tesla (TSLA) to the firm&#39;s holdings, buying the stock for two of its innovation-focused exchange traded funds.</p><p>In total, Wood and her team added 69,329 shares of the EV maker on Tuesday. The purchases were made by the Ark Innovation ETF (NYSEARCA: ARKK) and the ARK Next Generation Internet ETF (NYSEARCA: ARKW). ARKK added 51,960 shares, while ARKW purchased 17,369 shares.</p><p>ARKK now holds $726.5M in the market value of TSLA while ARKW holds $81.85M. Additionally, ARKK has Tesla listed as the fund’s heaviest weighted position at 9.96%. At the same time, ARKW lists Tesla as its fourth most significant position with a 6.57% weighting.</p><p>Year-to-date price action: TSLA+68.3%, ARKK+27.7%, and ARKW+34.9%.</p><p>Wood’s ARKK which has the largest stake in TSLA compared to any other of her actively managed funds has a strong correlation to the price movements of the electric car manufacturer. See below a one-year chart of the two instruments side-by-side.</p><p><img src=\"https://static.tigerbbs.com/7e3bf82b6337eee33bb6c068ce7eb797\" tg-width=\"1280\" tg-height=\"596\" referrerpolicy=\"no-referrer\"/></p><p>In other news, US safety regulators have opened an investigation into an issue with Tesla’s (TSLA) Model Y SUV wherein thesteering wheel can become detached.</p></body></html>","source":"seekingalpha","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 Bolsters Her Position in Elon Musk’s Tesla By Buying Nearly 70K Shares</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 Bolsters Her Position in Elon Musk’s Tesla By Buying Nearly 70K Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-09 21:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3945910-cathie-wood-bolsters-her-position-in-elon-musks-tesla-with-nearly-70k><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood's Ark Invest added nearly 70K shares of Elon Musk's Tesla (TSLA) to the firm's holdings, buying the stock for two of its innovation-focused exchange traded funds.In total, Wood and her ...</p>\n\n<a href=\"https://seekingalpha.com/news/3945910-cathie-wood-bolsters-her-position-in-elon-musks-tesla-with-nearly-70k\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKW":"ARK Next Generation Internation ETF","ARKK":"ARK Innovation ETF","TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/news/3945910-cathie-wood-bolsters-her-position-in-elon-musks-tesla-with-nearly-70k","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1179669478","content_text":"Cathie Wood's Ark Invest added nearly 70K shares of Elon Musk's Tesla (TSLA) to the firm's holdings, buying the stock for two of its innovation-focused exchange traded funds.In total, Wood and her team added 69,329 shares of the EV maker on Tuesday. The purchases were made by the Ark Innovation ETF (NYSEARCA: ARKK) and the ARK Next Generation Internet ETF (NYSEARCA: ARKW). ARKK added 51,960 shares, while ARKW purchased 17,369 shares.ARKK now holds $726.5M in the market value of TSLA while ARKW holds $81.85M. Additionally, ARKK has Tesla listed as the fund’s heaviest weighted position at 9.96%. At the same time, ARKW lists Tesla as its fourth most significant position with a 6.57% weighting.Year-to-date price action: TSLA+68.3%, ARKK+27.7%, and ARKW+34.9%.Wood’s ARKK which has the largest stake in TSLA compared to any other of her actively managed funds has a strong correlation to the price movements of the electric car manufacturer. See below a one-year chart of the two instruments side-by-side.In other news, US safety regulators have opened an investigation into an issue with Tesla’s (TSLA) Model Y SUV wherein thesteering wheel can become detached.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":87,"commentSize":2,"repostSize":0,"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/1179669478"}