Tesla Stock Flashed A Major Sell Signal Friday. Cathie Wood Ignored It.

Blockhead10-14

Tesla (TSLA) sold off hard on Friday, sending a sell signal to investors after the EV giant's robotaxi event. However, Cathie Wood and her Ark Invest went ahead and purchased nearly $3 million in TSLA...

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However, Cathie Wood and her Ark Invest went ahead and purchased nearly $3 million in TSLA...</p>\n\n<a href=\"https://www.investors.com/news/tesla-stock-sell-signal-cathie-wood-ignored-it/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","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>Tesla Stock Flashed A Major Sell Signal Friday. 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Cathie Wood Ignored It.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-14 20:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/tesla-stock-sell-signal-cathie-wood-ignored-it/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla (TSLA) sold off hard on Friday, sending a sell signal to investors after the EV giant's robotaxi event. However, Cathie Wood and her Ark Invest went ahead and purchased nearly $3 million in TSLA...</p>\n\n<a href=\"https://www.investors.com/news/tesla-stock-sell-signal-cathie-wood-ignored-it/\">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":"LU0082616367.USD","symbol_name":"摩根大通美国科技A（dist）","start_time":0,"source_url":"https://www.investors.com/news/tesla-stock-sell-signal-cathie-wood-ignored-it/","article_id":"2475365393","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2021/11/Stock-CathieWoods-company-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475365393","pubTimestamp":1728908065,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Cathie Wood projects autonomy and the robotaxi being long-term Tesla value drivers.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0082616367.USD":"摩根大通美国科技A（dist）","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4592":"伊斯兰概念","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","UBER":"优步","BK4099":"汽车制造商","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","TSLA":"特斯拉","BK4585":"ETF&股票定投概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4551":"寇图资本持仓","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","SG9999015978.USD":"利安颠覆性创新基金A","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","BK4535":"淡马锡持仓","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4574":"无人驾驶","BK4022":"陆运","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4555":"新能源车","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4230":"旅客陆运","ARKK":"ARK Innovation ETF","SG9999014906.USD":"大华全球优质成长基金Acc USD","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","BK4581":"高盛持仓","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","ARKW":"ARK Next Generation Internation ETF","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC"},"translate_title":"特斯拉股票周五发出重大卖出信号。凯西·伍德没有理会。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKW":1,"ARKK":1,"TSLL":1,"TSLA":1,"UBER":0.7},"content_text":"Tesla (TSLA) sold off hard on Friday, sending a sell signal to investors after the EV giant's robotaxi event. However, Cathie Wood and her Ark Invest went ahead and purchased nearly $3 million in TSLA shares to end last week. Tesla stock edged higher early Monday.\nCathie Wood's Ark Investment Management bought 12,730 TSLA shares on Friday, according to the company's daily trade disclosure. Based on the closing price of 217.80, Wood spent $2.77 million on the Tesla stock purchases.\nWood's Tesla trades were done through ARK Next Generation Internet (ARKW). As of Oct. 14, Tesla stock is the third ranked holding in ARKW, with a 8.87% weight. Tesla stock sold off 8.8% to 217.80 on Friday, flashing a sell signal as shares decisively broke below the 50-day moving average in heavy volume.\n\n\n\n↑\nX\n\n\n\n\nElon Musk's Robotaxi Has Arrived. Here's What Investors Need To Know.\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nElon Musk's Robotaxi Has Arrived. Here's What Investors Need To Know.\n\n\n\n\nWhile Tesla stock fell on Friday, Uber Technologies (UBER) jumped 10.8%, moving above an 82.14 buy point.\n\nUber Jumps As 'Toothless' Tesla Robotaxi Is 'Best-Case Outcome'\n\nShares of TSLA angled 1.2% higher during premarket action on Monday.\nWood, who has long been super-bullish on Tesla's autonomy push and robotaxi aims, attended Tesla's robotaxi event on Thursday. On June 12, Ark Invest updated its  Tesla stock price target to 2,600 by 2029, estimating that around 90% of Tesla's enterprise value and earnings will be attributed to the robotaxi business in 2029.\nWood's Ark Invest tends to purchase Tesla stock and other positions amid sell-offs or when they break below key moving averages.\nTesla Stock Last Week\nTesla stock dived 12.9% to 217.81, its worst weekly loss since April. Friday's 8.8% tumble pushed Tesla decisively below its 50-day line in heavy volume. That's a notable Tesla sell signal. Recent buyers are likely sitting on losses. Longer-term holders, who have a low cost basis, can choose to remain so.\n\nTesla Robotaxi Event: Cybercab, Robovan Unveiled; Musk Sees Self-Driving 'Next Year'\n\nFriday's sell-off followed the much-hyped Tesla robotaxi event. Chief Executive Elon Musk showed off the Cybercab along with the Robovan and once again predicted fully autonomous Tesla vehicles will hit the roads next year. However, analysts broadly were disappointed with the lack of details or specifics from the Tesla head.\n\nTesla also didn't show off an \"affordable\" model, a still-unseen EV that's supposed to start production in early 2025. That, along with a refreshed Model Y, is key to Tesla boosting or at least maintaining delivery levels next year.\nTesla reports third-quarter earnings and revenue on Oct. 23 with analyst consensus predicting quarterly profit falling around 11%. Tesla sales are expected to increase about 9% in Q3, according to FactSet.\nPlease follow Kit Norton on X @KitNorton for more coverage.\nYOU MAY ALSO LIKE:\nIs Tesla Stock A Buy Or A Sell?\nGet Full Access To IBD Stock Lists And Ratings\nLearning How To Pick Great Stocks? Read Investor's Corner\nAI Is Fueling A 'Nuclear Renaissance.' 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