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Tesla Bull Cathie Wood's Ark Invest Sells $7.16M Worth Of EV Maker's Shares After Q2 Earnings Reveal Profits Tanked Sharply

On Wednesday, Cathie Wood-led Ark Invest made a significant move by buying shares of $Tesla Motors(TSLA)$ , despite the electric vehicle giant’s recent market challenges.The Tesla TradeArk Invest’s

Tesla Bull Cathie Wood's Ark Invest Sells $7.16M Worth Of EV Maker's Shares After Q2 Earnings Reveal Profits Tanked Sharply

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The value of this trade, based on the closing price of $215.99 on the same day, is approximately $7.16 million.</p><p style=\"text-align: start;\">This purchase is particularly noteworthy given the context of Tesla’s recent performance. The company’s second-quarter financial results, reported on Tuesday, showed a revenue beat but an EPS miss.</p><p style=\"text-align: start;\">Furthermore, Tesla’s automotive revenue dropped 7% YoY to $19.9 billion, marking its second straight quarter of YoY sales declines. This was the first time the company had experienced consecutive quarters of declining sales volume. Despite these challenges, Ark Invest has shown confidence in Tesla’s long-term prospects.</p><p style=\"text-align: start;\">On Tuesday, Ark Invest sold nearly $3.7 million worth of Tesla shares in continuation of a recent trend.</p><p style=\"text-align: start;\"><strong>Other Key Trades:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Ark Fintech Innovation ETF bought 1,059 shares of  <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a></p></li><li><p>Ark Fintech Innovation ETF sold shares of  <a href=\"https://laohu8.com/S/TOST\">Toast, Inc.</a> </p></li><li><p>ARK Genomic Revolution ETF bought shares of  <a href=\"https://laohu8.com/S/TXG\">10x Genomics, Inc.</a> </p></li><li><p>ARK Genomic Revolution ETF sold shares of  <a href=\"https://laohu8.com/S/TDOC\">Teladoc Health Inc.</a> </p></li><li><p>ARK Autonomous Technology &amp; Robotics ETF bought shares of  <a href=\"https://laohu8.com/S/OKLO\">Oklo Inc.</a> </p></li></ul></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The value of this trade, based on the closing price of $215.99 on the same day, is approximately $7.16 million.This purchase is particularly noteworthy given the context of Tesla’s recent performance. The company’s second-quarter financial results, reported on Tuesday, showed a revenue beat but an EPS miss.Furthermore, Tesla’s automotive revenue dropped 7% YoY to $19.9 billion, marking its second straight quarter of YoY sales declines. This was the first time the company had experienced consecutive quarters of declining sales volume. Despite these challenges, Ark Invest has shown confidence in Tesla’s long-term prospects.On Tuesday, Ark Invest sold nearly $3.7 million worth of Tesla shares in continuation of a recent trend.Other Key Trades:Ark Fintech Innovation ETF bought 1,059 shares of  MercadoLibreArk Fintech Innovation ETF sold shares of  Toast, Inc. ARK Genomic Revolution ETF bought shares of  10x Genomics, Inc. ARK Genomic Revolution ETF sold shares of  Teladoc Health Inc. 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