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2022-01-28
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Cathie Wood Buys $28M Shares In Tesla As Stock Crashes, Ending Months-Long Profit Booking Spree
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The stock is down 30.9% so far this year.</p><p>Tesla has a 52-week high of $1,243.49 and a 52-week low of $539.49.</p><p>Ark Invest bought shares in Tesla via the <b>Ark Innovation ETF</b>, and the <b>Ark Next Generation Internet ETF</b>. The <b>Ark Autonomous Technology & Robotics ETF</b> too owns shares in Tesla.</p><p>The three ETFs held 1.46 million shares — worth $1.37 billion — in Tesla, prior to Thursday’s trade.</p><p>Tesla reported impressive fourth quarter earnings after the bell on Wednesday but investors were not impressed as the company said it is not working on a $25,000 electric car yet and said it does not plan to produce new model vehicles in this year.</p><p>Tesla CEO <b>Elon Musk</b> instead told investors it is more important to develop the humanoid robot than new models.</p><p>Wood, a Tesla bull, had been selling shares in the Musk-led company’s stock since September when shares rose after a blockbuster deal with car rental company <b>Hertz Global Holdings</b>. Tesla shares had joined the $1 trillion market club after shares went past the $1,000 mark.</p><p></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 Buys $28M Shares In Tesla As Stock Crashes, Ending Months-Long Profit Booking Spree</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 Buys $28M Shares In Tesla As Stock Crashes, Ending Months-Long Profit Booking Spree\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-28 15:28 GMT+8 <a href=https://www.benzinga.com/trading-ideas/long-ideas/22/01/25274115/cathie-wood-buys-28m-shares-in-tesla-as-stock-crashes-ending-months-long-profit-booking-><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Thursday raised its exposure in Tesla Inc on the dip, breaking its months-long profit-booking spree in the electric vehicle maker’s stock.The popular money...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/22/01/25274115/cathie-wood-buys-28m-shares-in-tesla-as-stock-crashes-ending-months-long-profit-booking-\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/22/01/25274115/cathie-wood-buys-28m-shares-in-tesla-as-stock-crashes-ending-months-long-profit-booking-","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140039283","content_text":"Cathie Wood-led Ark Investment Management on Thursday raised its exposure in Tesla Inc on the dip, breaking its months-long profit-booking spree in the electric vehicle maker’s stock.The popular money managing firm bought 33,482 shares — estimated to be worth $27.75 million based on the latest closing price— in Tesla.Tesla stock closed 11.55% lower at $829.10 a share on Thursday. The stock is down 30.9% so far this year.Tesla has a 52-week high of $1,243.49 and a 52-week low of $539.49.Ark Invest bought shares in Tesla via the Ark Innovation ETF, and the Ark Next Generation Internet ETF. The Ark Autonomous Technology & Robotics ETF too owns shares in Tesla.The three ETFs held 1.46 million shares — worth $1.37 billion — in Tesla, prior to Thursday’s trade.Tesla reported impressive fourth quarter earnings after the bell on Wednesday but investors were not impressed as the company said it is not working on a $25,000 electric car yet and said it does not plan to produce new model vehicles in this year.Tesla CEO Elon Musk instead told investors it is more important to develop the humanoid robot than new models.Wood, a Tesla bull, had been selling shares in the Musk-led company’s stock since September when shares rose after a blockbuster deal with car rental company Hertz Global Holdings. Tesla shares had joined the $1 trillion market club after shares went past the $1,000 mark.","news_type":1},"isVote":1,"tweetType":1,"viewCount":986,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/639554304"}
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