Cathie Wood's Ark Laps Up $3.3M Worth Of Tesla As Stock Falls
$Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$
Cathie Wood's Ark laps up $3.3M worth of Tesla as stock falls for 3rd straight session. Tesla is now the top holding of the firm's flagship - ARKK exchange- traded fund, accounting for 9.83% of the portfolio
Ark, through its ARK Innovation ETF ARKK, ARK Autonomous Technology & Robotics ETF ARKQ and ARK Next Generation Internet ETF ARKW, bought 20,683 shares of Tesla on Monday valued at $3.25 million. The stock settled the session down 2.71% at $157.11, according to Benzinga Pro data.
Cathie Wood's Ark laps up $3.3M worth of Tesla as stock falls for 3rd straight session. Tesla is now the top holding of the firm's flagship - ARKK exchange- traded fund, accounting for 9.83% of the portfolio
Ark, through its ARK Innovation ETF ARKK, ARK Autonomous Technology & Robotics ETF ARKQ and ARK Next Generation Internet ETF ARKW, bought 20,683 shares of Tesla on Monday valued at $3.25 million. The stock settled the session down 2.71% at $157.11, according to Benzinga Pro data.
My take: Those who are negatively bias against Tesla will not understand why investors and Ark Invest (Cathie Wood) are buying the dip. They have been spreading FUD that Tesla and Ark Invest would fail since 2019 but the 2 companies are still standing more confidently.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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Dramericanjesus : There is a reason why ARKK is underperforming so horribly.
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