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Cathie Wood to Tesla's Rescue? Ark Invest Scoops up $35M of EV Giant's Sliding Stock

ZINGER KEY POINTSTesla is still the third largest holding of Ark's ARKK, having a 7.36% weighting in the flagship ETF.The recent weakness in Tesla stock is blamed on investor worries about a huge Q1 d

Cathie Wood to Tesla's Rescue? Ark Invest Scoops up $35M of EV Giant's Sliding Stock

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Ark Invest Scoops up $35M of EV Giant's Sliding Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2419996230","media":"Benzinga","summary":"ZINGER KEY POINTSTesla is still the third largest holding of Ark's ARKK, having a 7.36% weighting in the flagship ETF.The recent weakness in Tesla stock is blamed on investor worries about a huge Q1 d","content":"<html><head></head><body><h4 id=\"id_4203814593\" style=\"text-align: start;\">ZINGER KEY POINTS</h4><ul style=\"list-style-type: disc;\"><li>Tesla is still the third largest holding of Ark&#39;s ARKK, having a 7.36% weighting in the flagship ETF.</li><li>The recent weakness in Tesla stock is blamed on investor worries about a huge Q1 deliveries miss.</li></ul>Tesla, Inc. shares have been on a downward spiral this year amid worries about the EV giant potentially missing first-quarter delivery targets. Undeterred by the recent weakness, Cathie Wood‘s Ark Investment Management actively bought Tesla shares on Thursday.Ark’s Pile-Up: Ark purchased a total of 216,682 Tesla shares across three of its actively managed exchange-traded funds on Thursday. The purchase, valued at $35.21 million based on Tesla’s closing price of $162.50, is broken down as follows:<ul style=\"list-style-type: disc;\"><li>Ark Innovation ETF (ARKK): 161,956 shares</li><li>ARK Autonomous Technology &amp; Robotics ETF (ARKQ): 18,543 shares</li><li>Ark Next Generation Internet ETF (ARKW): 36,183 shares</li></ul>Tesla Faces HeadwindsTesla’s stock has been on a broader downtrend since late 2021, with the decline accelerating since mid-2023. This can be attributed to several factors:<ul style=\"list-style-type: disc;\"><li>EV market slowdown: The overall electric vehicle market is experiencing a slowdown.</li><li>Rising interest rates: Higher interest rates are generally negative for growth stocks like Tesla.</li><li>Strategic concerns: Investors are concerned about a lack of transparency in communication, the absence of a low-end vehicle in Tesla’s product lineup, and recent aggressive price cuts.</li></ul>Analyst Downgrades and Short PositionsAdding to the pressure, Wall Street analysts are increasingly lowering their delivery estimates for Tesla in the first quarter, suggesting their initial forecasts might have been overly optimistic.Furthermore, some prominent investors are taking a bearish stance. Longtime Tesla supporter and investor Kevin Paffrath recently announced shorting the stock, predicting a near-term drop to $148 or even $101. Additionally, Gary Black of Future Fund has significantly reduced his fund’s Tesla holdings.Wood Remains Bullish: In contrast to the prevailing bearish sentiment, Wood maintains a largely bullish outlook on Tesla and its long-term potential. Tesla remains the third-largest holding in her flagship ARKK fund, accounting for 7.36% of its portfolio with a value of $574.88 million.Other analysts, such as Wedbush’s Daniel Ives, also remain optimistic, pinning their hopes on advancements in AI technology to provide a boost to Tesla shares in the coming years.Market Performance: Tesla closed Thursday’s session down 4.12% at $162.50, marking its lowest closing price since May 4, 2023. ARKK also lost 3.22%, closing at $48.74, according to Benzinga Pro data.</body></html>","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 to Tesla's Rescue? 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Ark Invest Scoops up $35M of EV Giant's Sliding Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nBenzinga \n2024-03-15 15:30\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><h4 id=\"id_4203814593\" style=\"text-align: start;\">ZINGER KEY POINTS</h4><ul style=\"list-style-type: disc;\"><li>Tesla is still the third largest holding of Ark&#39;s ARKK, having a 7.36% weighting in the flagship ETF.</li><li>The recent weakness in Tesla stock is blamed on investor worries about a huge Q1 deliveries miss.</li></ul>Tesla, Inc. shares have been on a downward spiral this year amid worries about the EV giant potentially missing first-quarter delivery targets. Undeterred by the recent weakness, Cathie Wood‘s Ark Investment Management actively bought Tesla shares on Thursday.Ark’s Pile-Up: Ark purchased a total of 216,682 Tesla shares across three of its actively managed exchange-traded funds on Thursday. The purchase, valued at $35.21 million based on Tesla’s closing price of $162.50, is broken down as follows:<ul style=\"list-style-type: disc;\"><li>Ark Innovation ETF (ARKK): 161,956 shares</li><li>ARK Autonomous Technology &amp; Robotics ETF (ARKQ): 18,543 shares</li><li>Ark Next Generation Internet ETF (ARKW): 36,183 shares</li></ul>Tesla Faces HeadwindsTesla’s stock has been on a broader downtrend since late 2021, with the decline accelerating since mid-2023. This can be attributed to several factors:<ul style=\"list-style-type: disc;\"><li>EV market slowdown: The overall electric vehicle market is experiencing a slowdown.</li><li>Rising interest rates: Higher interest rates are generally negative for growth stocks like Tesla.</li><li>Strategic concerns: Investors are concerned about a lack of transparency in communication, the absence of a low-end vehicle in Tesla’s product lineup, and recent aggressive price cuts.</li></ul>Analyst Downgrades and Short PositionsAdding to the pressure, Wall Street analysts are increasingly lowering their delivery estimates for Tesla in the first quarter, suggesting their initial forecasts might have been overly optimistic.Furthermore, some prominent investors are taking a bearish stance. Longtime Tesla supporter and investor Kevin Paffrath recently announced shorting the stock, predicting a near-term drop to $148 or even $101. Additionally, Gary Black of Future Fund has significantly reduced his fund’s Tesla holdings.Wood Remains Bullish: In contrast to the prevailing bearish sentiment, Wood maintains a largely bullish outlook on Tesla and its long-term potential. Tesla remains the third-largest holding in her flagship ARKK fund, accounting for 7.36% of its portfolio with a value of $574.88 million.Other analysts, such as Wedbush’s Daniel Ives, also remain optimistic, pinning their hopes on advancements in AI technology to provide a boost to Tesla shares in the coming years.Market Performance: Tesla closed Thursday’s session down 4.12% at $162.50, marking its lowest closing price since May 4, 2023. ARKK also lost 3.22%, closing at $48.74, according to Benzinga Pro data.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4574":"无人驾驶","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4592":"伊斯兰概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4581":"高盛持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","BK4527":"明星科技股","LU0823414478.USD":"法巴经典能源转换基金","BK4550":"红杉资本持仓","BK4588":"碎股","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4544":"ARK ETF合集","BK4551":"寇图资本持仓","LU0056508442.USD":"贝莱德世界科技基金A2","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","ARKK":"ARK Innovation ETF","LU1548497426.USD":"安联环球人工智能AT Acc","ARKQ":"ARK Autonomous Technology & Robotics ETF","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","ARKW":"ARK Next Generation Internation ETF","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4099":"汽车制造商"},"source_url":"https://news.google.com/rss/articles/CBMiigFodHRwczovL21hcmtldHMuYnVzaW5lc3NpbnNpZGVyLmNvbS9uZXdzL2V0Zi9jYXRoaWUtd29vZC10by10ZXNsYS1zLXJlc2N1ZS1hcmstaW52ZXN0LXNjb29wcy11cC0zNW0tb2YtZXYtZ2lhbnQtcy1zbGlkaW5nLXN0b2NrLTEwMzMxNjYxMDfSAQA?oc=5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2419996230","content_text":"ZINGER KEY POINTSTesla is still the third largest holding of Ark's ARKK, having a 7.36% weighting in the flagship ETF.The recent weakness in Tesla stock is blamed on investor worries about a huge Q1 deliveries miss.Tesla, Inc. shares have been on a downward spiral this year amid worries about the EV giant potentially missing first-quarter delivery targets. Undeterred by the recent weakness, Cathie Wood‘s Ark Investment Management actively bought Tesla shares on Thursday.Ark’s Pile-Up: Ark purchased a total of 216,682 Tesla shares across three of its actively managed exchange-traded funds on Thursday. The purchase, valued at $35.21 million based on Tesla’s closing price of $162.50, is broken down as follows:Ark Innovation ETF (ARKK): 161,956 sharesARK Autonomous Technology & Robotics ETF (ARKQ): 18,543 sharesArk Next Generation Internet ETF (ARKW): 36,183 sharesTesla Faces HeadwindsTesla’s stock has been on a broader downtrend since late 2021, with the decline accelerating since mid-2023. This can be attributed to several factors:EV market slowdown: The overall electric vehicle market is experiencing a slowdown.Rising interest rates: Higher interest rates are generally negative for growth stocks like Tesla.Strategic concerns: Investors are concerned about a lack of transparency in communication, the absence of a low-end vehicle in Tesla’s product lineup, and recent aggressive price cuts.Analyst Downgrades and Short PositionsAdding to the pressure, Wall Street analysts are increasingly lowering their delivery estimates for Tesla in the first quarter, suggesting their initial forecasts might have been overly optimistic.Furthermore, some prominent investors are taking a bearish stance. Longtime Tesla supporter and investor Kevin Paffrath recently announced shorting the stock, predicting a near-term drop to $148 or even $101. Additionally, Gary Black of Future Fund has significantly reduced his fund’s Tesla holdings.Wood Remains Bullish: In contrast to the prevailing bearish sentiment, Wood maintains a largely bullish outlook on Tesla and its long-term potential. Tesla remains the third-largest holding in her flagship ARKK fund, accounting for 7.36% of its portfolio with a value of $574.88 million.Other analysts, such as Wedbush’s Daniel Ives, also remain optimistic, pinning their hopes on advancements in AI technology to provide a boost to Tesla shares in the coming years.Market Performance: Tesla closed Thursday’s session down 4.12% at $162.50, marking its lowest closing price since May 4, 2023. ARKK also lost 3.22%, closing at $48.74, according to Benzinga Pro data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":75,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":37,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}