Cathie Wood Sells Another $30 Million Worth Of Tesla Stock Amid Profitability Doubts, Ark Also Dumps Palantir Stock — Buys This Robotaxi Play
Optimistic
46.7
On Monday, Cathie Wood‘s Ark Invest executed significant trades involving Tesla Inc. (NASDAQ:TSLA), Palantir Technologies Inc. (NASDAQ:PLTR), Shopify Inc. (NASDAQ:SHOP) and WeRide Inc. (NASDAQ:WRD). These trades reflect Ark’s strategic adjustments in response to market dynamics and company-specific developments.
The Tesla Trade
Ark Invest sold shares of Tesla across multiple ETFs, including ARK Innovation ETF (BATS:ARKK), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), and ARK Next Generation Internet ETF (BATS:ARKW). The total shares sold amounted to 60,715, with the stock closing at $488.73 on Monday. This sale translates to a transaction value of approximately $29.7 million.
Recent discussions around the Elon Musk-led company’s financial prospects highlight concerns from investme
The Tesla Trade
Ark Invest sold shares of Tesla across multiple ETFs, including ARK Innovation ETF (BATS:ARKK), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), and ARK Next Generation Internet ETF (BATS:ARKW). The total shares sold amounted to 60,715, with the stock closing at $488.73 on Monday. This sale translates to a transaction value of approximately $29.7 million.
Recent discussions around the Elon Musk-led company’s financial prospects highlight concerns from investme
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