Bye bye Tesla. Long hold

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Prakash vora
2022-06-08

Cathie Wood Continues Tesla Snap-Up Spree With $2.15M Buy

Cathie Wood-led Ark Invest Investment Management added more Tesla Inc stock to its portfolio on Tues

Cathie Wood Continues Tesla Snap-Up Spree With $2.15M Buy

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Long hold","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9051614144","repostId":1129430880,"repostType":2,"repost":{"id":"1129430880","kind":"news","pubTimestamp":1654681447,"share":"https://www.laohu8.com/m/news/1129430880?lang=&edition=full","pubTime":"2022-06-08 17:44","market":"us","language":"en","title":"Cathie Wood Continues Tesla Snap-Up Spree With $2.15M Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=1129430880","media":"Benzinga","summary":"Cathie Wood-led Ark Invest Investment Management added more Tesla Inc stock to its portfolio on Tues","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>Ark Invest Investment Management</b> added more <b>Tesla Inc</b> stock to its portfolio on Tuesday, raising its exposure to the electric vehicle maker for the second time this month.</p><p>Ark Invest bought 3,000 shares, estimated to be worth $2.15 million, in Tesla on Tuesday.</p><p>Shares of the <b>Elon Musk</b>-led company closed 0.25% higher at $716.6 on Tuesday, but are down 40.3% so far this year.</p><p>St. Petersburg, Florida-based Ark began buying shares in Tesla late last month when they plunged due to production issues in China and uncertainty over Musk’s $44 billion <b>Twitter Inc</b> take-private bid.</p><p>The popular investment firm last month scooped up 45,003 shares in Tesla and has bought 10,700 shares in June so far.</p><p>Tesla shares have been under intense pressure ever since China introduced extensive three-week lockdowns late in March, forcing production halts at<b> Giga Shanghai.</b></p><p>While Shanghai is now gradually reopening, Musk’s Twitter ‘circus show’ and ‘soap opera&#39; continue to weigh on the stock’s weakness.</p><p>The billionaire entrepreneur also warned of 10% job cuts at Tesla last week, but added that “hourly headcount will increase.”</p><p>Ark Invest owns shares in Tesla through three of its six actively traded exchange funds: <b>Ark Innovation ETF</b>,<b> Ark Autonomous Technology &amp; Robotics ETF</b> and <b>Ark Next Generation Internet ETF</b>.</p><p>Those three ETFs held 1.31 million shares worth $937.8 million in Tesla before Tuesday’s trade.</p></body></html>","source":"lsy1606299360108","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 Continues Tesla Snap-Up Spree With $2.15M Buy</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; 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