_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 abandoned car market Video Screenshot Preview")
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✓ Published: 24-Apr-2024
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✓ 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.
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