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2023-01-18

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Cathie Wood Keeps Foot On Tesla Pedal With Whopping $15M Stock Buy — Slashes Stake In Chinese EV Rival

ZINGER KEY POINTSTesla stock has gained over 8% in last five days after the company announced a stri

Cathie Wood Keeps Foot On Tesla Pedal With Whopping $15M Stock Buy — Slashes Stake In Chinese EV Rival

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At the same time, ARK slashed its stake in Tesla&#39;s Chinese rival <b>Nio Inc</b> with a big sale.</p><p>The purchase is estimated to be valued at over $15.2 million based on Tuesday’s closing price. 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Nio&#39;s shares have gained over 18% since the beginning of 2023.</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 Keeps Foot On Tesla Pedal With Whopping $15M Stock Buy — Slashes Stake In Chinese EV Rival</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 Keeps Foot On Tesla Pedal With Whopping $15M Stock Buy — Slashes Stake In Chinese EV Rival\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-18 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/long-ideas/23/01/30454499/cathie-wood-keeps-foot-on-tesla-pedal-with-whopping-15m-stock-buy-slashes-stake-in-chine><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSTesla stock has gained over 8% in last five days after the company announced a string of price cuts.Since mid-December, ARK has loaded up over 1.2 million shares of Tesla.Wood’s funds...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/23/01/30454499/cathie-wood-keeps-foot-on-tesla-pedal-with-whopping-15m-stock-buy-slashes-stake-in-chine\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/23/01/30454499/cathie-wood-keeps-foot-on-tesla-pedal-with-whopping-15m-stock-buy-slashes-stake-in-chine","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146327909","content_text":"ZINGER KEY POINTSTesla stock has gained over 8% in last five days after the company announced a string of price cuts.Since mid-December, ARK has loaded up over 1.2 million shares of Tesla.Wood’s funds continued to offload shares of Nio.Cathie Wood-led ARK Investment Management continued to buy Tesla Inc stock this week, as the flagship ARK Innovation ETF and the ARK Autonomous Tech. & Robotics ETF loaded up 115,787 shares of the Elon Musk-led company on Tuesday. At the same time, ARK slashed its stake in Tesla's Chinese rival Nio Inc with a big sale.The purchase is estimated to be valued at over $15.2 million based on Tuesday’s closing price. Shares of the EV-maker closed 7.43% higher during the session and have gained over 8% in the last five days after the company announced a string of downward price adjustments in China since late last year and two rounds of price cuts in the U.S. and Europe.Multiple analysts have sounded out their opinions on the impact of these price cuts. Jefferies analyst Philippe Houchois maintained a ‘Buy’ rating on the stock while lowering the price target from $350 to $180. BofA Securities analyst John Murphy maintained a ‘Neutral’ rating and lowered the price target from $135 to $130.Not even two-thirds into the month, ARK's purchase of Tesla stock has already crossed over three-quarters of a million. Since mid-December, ARK’s funds have loaded up over 1.2 million shares of Tesla.The EV-maker is the third largest holding in the ARK Innovation fund with a weight of 6.95% while it is the top holding of the ARK Autonomous Tech. & Robotics ETF with a weight of 8.8%.Major Sale: On Tuesday, ARK sold over 325,000 shares of the EV-maker at an estimated valuation of over $3.17 million based on the day’s closing price. 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