_cathie-wood39s-ark-invest-remains-bullish-despite-tesla39s-q1-earnings-slip-revenue-drop-buys-364-3m-in-ev-maker-stock.jpg "Cathie Wood's Ark Invest Remains Bullish Despite Tesla's Q1 Earnings Slip, Revenue Drop — Buys $4.3M in EV Maker Stock from anthem insider trading Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:46
👁 View: 825K times
✓ Published: 24-Apr-2024
👁 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.
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.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_adrian-smith-slams-biden-for-having-39nothing-to-say39-in-response-to-mexico39s-violations-of-uscma.webp "During a House Ways and Means Committee hearing last week, Rep. Adrian Smith (R-NE) spoke about Mexico's trade violations of the United States-Mexico-Canada Agreement.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
⏲ 5:13 👁 1.6M
_lichfields-fire-place-shop-is-going-nowhere-soon.webp "The Fire Place in Lichfield is still very much up and trading despite contrary reports tat it had closed. The confusion came as a planning application has gone in on the land, but if and when it gets built on the business will simply relocate within the town. We take a look and find out what there all about.")
_port-of-baku-the-eurasian-trade-hub-working-to-expand-and-accelerate-growth.webp "The Port of Baku, strategically located on the Caspian Sea, is expanding to meet global trade demands while prioritising sustainability and investing in local projects.")
_ftc-votes-to-ban-noncompete-agreements-boosting-worker-mobility.webp "The FTC voted to ban noncompete agreements that bar employees from taking jobs with competitors for a set period after leaving a company. Noncompete clauses are commonly used for salespeople and other employees who interact with customers or clients, to prevent them from taking relationships to a new employer. Critics argue noncompetes unfairly limit worker mobility and career opportunities. Supporters say they protect trade secrets and business investments. The new rule faces legal challenges but could significantly impact millions of American workers if implemented.")
_pm-rishi-sunak-and-chancellor-olaf-scholz-hold-a-meeting.webp "Rishi Sunak met the Chancellor Olaf Scholz in Berlin on Wednesday to discuss closer co-operation on security, trade and illegal migration.<br/> Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn")
_is-apple-in-trouble-tim-cook-reportedly-cuts-vision-pro-shipment-forecasts-by-up-to-50-analyst-says-demand-has-39fallen.webp "The Cupertino-based tech giant has revised its Vision Pro shipment estimates to 400,000-450,000 units for 2024, down from the initial 700,000-800,000 units. The changes have forced Apple to reconsider its overall headset strategy, said analyst Ming-Chi Kuo.")
_tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-speeds-launch-of-new-mo.webp "Tesla reports first-quarter revenue of $21.3 billion, down 9% year-over-year.<br/><br/>The automaker says it is working to lower costs moving forward.")
_mark-zuckerberg-lays-down-how-meta-will-make-money-from-its-multi-billion-dollar-ai-bet.webp "Mark Zuckerberg has outlined three strategies for Meta Platforms to monetize its substantial investments in artificial intelligence (AI.)")
_adrian-smith-slams-biden-for-having-39nothing-to-say39-in-response-to-mexico39s-violations-of-uscma.jpg)
_lichfields-fire-place-shop-is-going-nowhere-soon.jpg)
_port-of-baku-the-eurasian-trade-hub-working-to-expand-and-accelerate-growth.jpg)
_ftc-votes-to-ban-noncompete-agreements-boosting-worker-mobility.jpg)
_pm-rishi-sunak-and-chancellor-olaf-scholz-hold-a-meeting.jpg)
_is-apple-in-trouble-tim-cook-reportedly-cuts-vision-pro-shipment-forecasts-by-up-to-50-analyst-says-demand-has-39fallen.jpg)
_tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-speeds-launch-of-new-mo.jpg)
_mark-zuckerberg-lays-down-how-meta-will-make-money-from-its-multi-billion-dollar-ai-bet.jpg)
![[+]](/images/menu.gif){kind=small}