Elon Musk's $690 Stock Price Optimism Aside, Cathie Wood's Ark Dumps $9 Million Worth Of Tesla Shares

Benzinga12-20

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Cathie Wood-led Ark Invest made notable trades on Wednesday, involving Tesla Inc. (NASDAQ:TSLA) and...

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(NASDAQ:TSLA) and...</p>\n\n<a href=\"https://finance.yahoo.com/news/elon-musks-690-stock-price-181515668.html\">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":"LU1551013425.SGD","symbol_name":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/elon-musks-690-stock-price-181515668.html","article_id":"2492510799","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/sZEf1KyVPaMjYbz.RbVVCg--~B/aD00ODA7dz03MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/benzinga_79/17a2e0e720b02e6f6085377ab3f9dd60"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492510799","pubTimestamp":1734632115,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.Cathie Wood-ledArk Investmade notable trades on Wednesday, involvingTesla Inc. andCoinbase Global Inc. .Trending: It’s no wonder Jeff Bezos holds over $70 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. 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(NASDAQ:TSLA) and Coinbase Global Inc. (NASDAQ:COIN).\nThe Tesla Trade \nThe trade saw Ark Invest selling 20,582 shares of Tesla Inc. through its ARK Innovation ETF (NYSE:ARKK). The sale was valued at approximately $9.06 million based on Tesla’s closing price of $440.13. Despite a recent price target increase to $515 by analysts, Tesla’s stock faced a decline of 7.02% on Wednesday. Analysts continue to view Tesla as a leading player in the electric vehicle sector, emphasizing its long-term potential despite short-term volatility.\nTrending: It’s no wonder Jeff Bezos holds over $70 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.\nElon Musk, Tesla’s CEO, recently expressed optimism about the stock reaching $690 in the future, although no specific timeline was provided. This sentiment comes amidst a broader reassessment of the electric vehicle market, with Tesla maintaining its status as a top pick among industry analysts.\nThe Coinbase Trade \nArk Invest sold 13,780 shares of Coinbase Global Inc. through the Ark Fintech Innovation ETF (NYSE:ARKF). This transaction was valued at approximately $3.85 million based on Coinbase’s closing price of $279.86. Coinbase has faced challenges recently, including a revenue miss in its third-quarter earnings report, which has pressured its stock performance. \nThis is the second day in running when Ark sold Coinbase stock, on Tuesday the Wood-led firm had unloaded $1.8 million worth of the stock. The sales come amid a frothy and volatile Bitcoin (CRYPTO: BTC) market.\nSee Also: Coinbase’s latest promo gets you up to $200 in crypto (Seriously!) — Here's everything you need to know to take advantage of this offer.\nOther Key Trades:\n\nArk Invest bought shares of Futu Holdings Ltd through the ARKF ETF.\nSold shares of Shopify Inc. via the ARKF ETF. It also sold shares of Ionis Pharmaceuticals Inc. using the ARKG ETF.\nPurchased shares of Tempus AI Inc. through the ARKK ETF.\n\nImage via Ark Invest\nRead Next: \n\nThe Ascent Income Fund from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets. Earn a 1% return boost on your first EquityMultiple investment when you sign up here (accredited investors only).\n‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. The deadline to invest and receive your shares this year is 12/20. Join 30,000+ shareholders and invest at $0.26/share today.\n\nThis article Elon Musk's $690 Stock Price Optimism Aside, Cathie Wood's Ark Dumps $9 Million Worth Of Tesla Shares originally appeared on Benzinga.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":1,"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/2492510799"}