Ark Invest bought 8.60K Tesla's share worth $29.4M

$Tesla (TSLA.US)$ $BYD COMPANY (01211.HK)$ $NIO Inc (NIO.US)$ $XPeng (XPEV.US)$ As of 20 November 2024, Cathie Wood, CEO of Ark Invest, is holding 3.79 million Tesla's shares worth $1.30 billion.
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 stock and declares a target price of USD 2,000 (expected value) by year 2027.

My Take:

Moomoo will be interviewing Cathie Wood in the event below. It is a good opportunity to post your questions if you have any queries about Ark Invest and her investment philosophy.
Moomoo Event :OMG! Cathie Wood is coming to moomoo? 🎉

$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Stellantis NV (STLA.US)$

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delavie : Usually when she sells, others would buy and vice versa

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ZnWC OP delavie : I think no one told you that whoever say this will lose money in your stock the next day

Ark Invest sold 85K Tesla shares after earnings is Portfolio adjustment, NOT about taking prof...
https://www.moomoo.com/community/feed/113373721329670?share_code=01vZ9E

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ZnWC

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I reflect trading experience by writing journals. My posts and comments are for education purpose not financial advice.

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