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2021-07-08

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Cathie Wood Loads Up $71M In Tesla On Dip

Cathie Wood-led Ark Investment Management on Wednesday snapped up 110,731 shares, estimated to be wo

Cathie Wood Loads Up $71M In Tesla On Dip

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}\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 Loads Up $71M In Tesla On Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-08 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/long-ideas/21/07/21889223/cathie-wood-loads-up-71m-in-tesla-on-dip><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Wednesday snapped up 110,731 shares, estimated to be worth about $71.38 million, in Tesla Inc(NASDAQ:TSLA) on the dip.\nTesla shares closed 2.26% lower at $...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/07/21889223/cathie-wood-loads-up-71m-in-tesla-on-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PATH":"UiPath","PSTG":"Pure Storage Inc","QSI":"Quantum-Si Inc.","TSLA":"特斯拉","COIN":"Coinbase Global, Inc."},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/21/07/21889223/cathie-wood-loads-up-71m-in-tesla-on-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112516129","content_text":"Cathie Wood-led Ark Investment Management on Wednesday snapped up 110,731 shares, estimated to be worth about $71.38 million, in Tesla Inc(NASDAQ:TSLA) on the dip.\nTesla shares closed 2.26% lower at $644.65 on Wednesday and have advanced about 7.6% since Arklast boughtthe company's shares in early June.\nThe New York-based investment deployed the Ark Innovation ETF(NYSE:ARKK) to buy the shares and also hold Tesla stock via two other traded funds, namely, the Ark Autonomous Technology & Robotics ETF(BATS:ARKQ) and theArk Next Generation Internet ETF(NYSE:ARKW).\nAll three ETFs – ARKK, ARKQ and ARKW- count Tesla among their largest holdings and together held about 4.93 million shares, worth $3.25 billion, in the electric vehicle company ahead of Wednesday’s trade.\nA Tesla bull, Ark Funds had in Marchupdatedits price target on electric vehicle maker’s stock to $3,000 per share, to be reached by 2025.\nSome of the other key Ark Invest buys on Wednesday included Coinbase Global Inc(NASDAQ:COIN),UiPath Inc(NYSE:PATH),Quantum-Si Inc(NASDAQ:QSI) and sells included Pluristem Therapeutics Inc(NASDAQ:PSTI) and Pure Storage Inc(NYSE:PSTG).","news_type":1},"isVote":1,"tweetType":1,"viewCount":162,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}