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 ...

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

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

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1179669478?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-03-09 21:45","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"1179669478","market":"us","top_or_hot":-1,"title":"Cathie Wood Bolsters Her Position in Elon Musk’s Tesla By Buying Nearly 70K Shares","media":"Seeking Alpha","content":"<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\">Source Link</a>\n\n</div>\n","source":"seekingalpha","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\">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":"ARKK","symbol_name":"ARK Innovation ETF","start_time":0,"source_url":"https://seekingalpha.com/news/3945910-cathie-wood-bolsters-her-position-in-elon-musks-tesla-with-nearly-70k","article_id":"1179669478","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1179669478","pubTimestamp":1678369541,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Cathie Wood's Ark Invest added nearly 70K shares of Elon Musk's Tesla (TSLA) to the firm's holdings,","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ARKK":"ARK Innovation ETF","ARKW":"ARK Next Generation Internation ETF","TSLA":"特斯拉"},"translate_title":"凯西·伍德通过购买近7万股股票来巩固她在埃隆·马斯克特斯拉的地位","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKK":0.9,"ARKW":0.9,"TSLA":0.9},"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.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9949366859,"gmtCreate":1678372237371,"gmtModify":1678372241985,"author":{"id":"4136794554654892","authorId":"4136794554654892","name":"yobobs","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"good move","listText":"good move","text":"good move","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949366859","repostId":1179669478,"repostType":2,"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":5,"crmLevelSwitch":0},"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,"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":"4.24.0","shortVersion":"4.24.0","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"}