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2022-01-13

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Cathie Wood Sells Another $3M Shares In Tesla On Wednesday — Here's What She Bought Instead

Cathie Wood’sArk Investment Managementon Wednesday booked more profit inTeslaInc, selling 2,656 shares — estimated to be worth $2.9 million based on the latest closing price — in the electric vehicle

Cathie Wood Sells Another $3M Shares In Tesla On Wednesday — Here's What She Bought Instead

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The Austin, Texas-based electric vehicle maker’s Giga Shanghai accounted for more than half of the electric vehicle maker’s global deliveries in 2021.</p><p>Wood, who founded Ark Invest, is a Tesla bull and has set a $3,000 price target for the electric vehicle stock for 2025. The investment firm has been selling shares in Tesla since September after shares moved higher to breach the$1 trillion market cap.</p><p>The St. Petersburg, Florida-based Ark has also been recently loading up shares in the U.S.-listed Chinese electric vehicle maker <b>Xpeng Inc</b>.</p><p>Here are a few other key Ark Invest trades from Wednesday:</p><ul><li>Bought 70,259 shares — estimated to be about $12 million — in <b>Zoom Video Communications Inc</b> on the dip. The Zoom stock closed 3% lower at $170.6 a share on Wednesday.</li><li>Bought 628,636 shares — estimated to be worth $10.5 million — in <b>Palantir Technologies Inc</b>. Shares of the company closed 1% lower at $16.7 a share.</li></ul></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 Sells Another $3M Shares In Tesla On Wednesday — Here's What She Bought Instead</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 Sells Another $3M Shares In Tesla On Wednesday — Here's What She Bought Instead\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\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-01-13 19:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><b>Cathie Wood</b>’s <b>Ark Investment Management</b> on Wednesday booked more profit in <b>Tesla</b> <b>Inc</b>, selling 2,656 shares — estimated to be worth $2.9 million based on the latest closing price — in the electric vehicle maker.</p><p>The <b>Elon Musk</b>-led company’s stock closed 3.9% higher at $1,106.2 per share on Wednesday.</p><p>Ark Invest owns shares in Tesla via three of its exchange-traded funds — the <b>Ark Innovation ETF</b>, the <b>Ark Autonomous Technology &amp; Robotics ETF</b> and the <b>Ark Next Generation Internet ETF</b>.</p><p>The three ETFs held about 1.61 million shares worth $1.72 billion in Tesla, prior to Wednesday’s trade.</p><p>Tesla ended 2021 on a high as it posted its biggest quarterly and full-year delivery volume. The Austin, Texas-based electric vehicle maker’s Giga Shanghai accounted for more than half of the electric vehicle maker’s global deliveries in 2021.</p><p>Wood, who founded Ark Invest, is a Tesla bull and has set a $3,000 price target for the electric vehicle stock for 2025. The investment firm has been selling shares in Tesla since September after shares moved higher to breach the$1 trillion market cap.</p><p>The St. Petersburg, Florida-based Ark has also been recently loading up shares in the U.S.-listed Chinese electric vehicle maker <b>Xpeng Inc</b>.</p><p>Here are a few other key Ark Invest trades from Wednesday:</p><ul><li>Bought 70,259 shares — estimated to be about $12 million — in <b>Zoom Video Communications Inc</b> on the dip. The Zoom stock closed 3% lower at $170.6 a share on Wednesday.</li><li>Bought 628,636 shares — estimated to be worth $10.5 million — in <b>Palantir Technologies Inc</b>. Shares of the company closed 1% lower at $16.7 a share.</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","PLTR":"Palantir Technologies Inc.","ZM":"Zoom"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186224135","content_text":"Cathie Wood’s Ark Investment Management on Wednesday booked more profit in Tesla Inc, selling 2,656 shares — estimated to be worth $2.9 million based on the latest closing price — in the electric vehicle maker.The Elon Musk-led company’s stock closed 3.9% higher at $1,106.2 per share on Wednesday.Ark Invest owns shares in Tesla via three of its exchange-traded funds — the Ark Innovation ETF, the Ark Autonomous Technology & Robotics ETF and the Ark Next Generation Internet ETF.The three ETFs held about 1.61 million shares worth $1.72 billion in Tesla, prior to Wednesday’s trade.Tesla ended 2021 on a high as it posted its biggest quarterly and full-year delivery volume. The Austin, Texas-based electric vehicle maker’s Giga Shanghai accounted for more than half of the electric vehicle maker’s global deliveries in 2021.Wood, who founded Ark Invest, is a Tesla bull and has set a $3,000 price target for the electric vehicle stock for 2025. The investment firm has been selling shares in Tesla since September after shares moved higher to breach the$1 trillion market cap.The St. Petersburg, Florida-based Ark has also been recently loading up shares in the U.S.-listed Chinese electric vehicle maker Xpeng Inc.Here are a few other key Ark Invest trades from Wednesday:Bought 70,259 shares — estimated to be about $12 million — in Zoom Video Communications Inc on the dip. The Zoom stock closed 3% lower at $170.6 a share on Wednesday.Bought 628,636 shares — estimated to be worth $10.5 million — in Palantir Technologies Inc. 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