"NIO, XPEV, LI, BYD.. China's Quads Message Board

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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads

BYDDF 12.06

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3:39 PM EST

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From: roto	1/4/2024 8:25:46 AM
	of 2786

Cathie Wood '24 likes Tesla.. again investors.com The Market Rally Hit Turbulence And Cathie Wood Still Bought Tesla, Unloaded COIN Shares KIT NORTON 07:53 AM ET 01/04/2024 Cathie Wood and her Ark Invest purchased TSLA stock for the first time since in 2024, picking up more than 100,000 shares Wednesday as Tesla ( TSLA) stock tumbled 4%. Meanwhile, as bitcoin and crypto stocks came under pressure Wednesday, Wood also decided to sell shares of Coinbase ( COIN). Cathie Wood's Ark Investment Management bought 105,201 Tesla shares Wednesday, according to the company's daily trade disclosure. Based on the closing price of 238.45, Wood spent $25.09 million on the Tesla purchases. Wood's Tesla trades were done through the ARK Innovation ETF ( ARKK) and ARK Next Generation Internet ( ARKW). Wood also pulled the trigger on cryptocurrency exchange Coinbase, selling 166,135 shares for around $25.29 million based on COIN stock's Wednesday's close. As of Jan. 4, COIN ranks first in ARKK with a 10.22% weight with TSLA second with a 7.96% weight. Meanwhile, COIN also is the top holding in ARKW, with a 10.48% weight. Tesla stock is the sixth ranked holding in ARKW, with a 5.27% weight. Tesla stock edged up 0.3% and COIN gained 1.9% Thursday during premarket action. On Wednesday, TSLA dropped 4% to 238.45 while Coinbase declined nearly 3% to 152.24.

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