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Tesla laying off over 10% as sales slump: Fresh start or setback?
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Ark Invest bought 68.83K Tesla's share worth $10.32 million

$Tesla(TSLA.US)$ $BYD COMPANY(01211.HK)$ $NIO Inc(NIO.US)$ $XPeng(XPEV.US)$ As of 18 April 2024, Cathie Wood, CEO of Ark Invest, is holding 5.43 million Tesla's shares worth $814.27 million.
Using the Moomoo app, you can check how much Tesla's share Cathie Wood is holding by using Institutional Tracker:
Menu>Market>Select US stock>scroll down to select Ark Investment Management LLC
You should see Tesla stock as the first few on the list showing the number of share holding, share value etc. Click the stock and you can see Cathie Wood's trading details.
Someone will use her selling Tesla's share as 'panic selling' without reporting how much share she is holding. In fact, the amount of Tesla's share she sold is small compared to the amount held indicating it is just portfolio adjusting. Cathie Wood is super bullish on Tesla's share predicting it'll reach USD 1,400 by year 2027.
Ark Invest bought 68.83K Tesla's share worth $10.32 million
Ark Invest bought 68.83K Tesla's share worth $10.32 million
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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  • 10baggerbamm : cathy is a momentum trader Kathy averages down never stops out will Chase from one stock to the other because that's what she always does that's why she has a couple of big wins and then she has massive losses. look at the price tag she stuck on Tesla $1,000 a share go back and look at her grandiose estimates on other stocks none of them have come true they all have collapsed so she's a fund that I would only buy after a market collapse because she will ditch everything in her portfolio and look for high beta meaning high-risk high return stocks load them up and that's why they bounce and that's why she's able to capture a huge return in one quarter and then everything collapses within our portfolio when fundamentals count

  • ZnWCOP 10baggerbamm: Relax. Don't take CW buying of Tesla shares too personally. Comment on this if you are not under pressure.

    Why Cathie Wood continues to buy Tesla shares at dip
    https://www.moomoo.com/community/feed/112297089105926?share_code=00TDom

I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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