Cathie Wood's Ark Invest Remains Bullish Despite Tesla's Q1 Earnings Slip, Revenue Drop — Buys $4.3M in EV Maker Stock from stock symbol for google Watch Video
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⏲ Duration: 0:46 👁 View: 825K times ✓ Published: 24-Apr-2024
Description: Ark Invest purchased a total of 29,230 shares of Tesla across its ARK Innovation ETF<br/>ARKK, ARK Autonomous Technology & Robotics ETF ARKQ, and ARK Next Generation Internet ETF ARKW. <br/><br/>The purchase came after Tesla’s Q1 earnings report revealed a year-over-year revenue drop of 9%, missing Wall Street’s consensus estimate.<br/><br/>The value of the Tesla shares purchased by Ark Invest, based on the closing price of $144.68 on Tuesday, amounts to approximately $4.3 million. This move follows Ark Invest’s acquisition of over $17 million in Tesla shares the previous day, ahead of the first quarter results announcement.