Cathie Wood Sells Another $30 Million Worth Of Tesla Stock Amid Profitability Doubts, Ark Also Dumps Palantir Stock — Buys This Robotaxi Play - Tesla (NASDAQ:TSLA)
Benzinga·2025-12-23 03:13

Tesla Trade - Ark Invest sold 60,715 shares of Tesla across multiple ETFs, with a total transaction value of approximately $29.7 million, as the stock closed at $488.73 [2] - Concerns regarding Tesla's financial prospects were raised by Gerber Kawasaki, particularly about achieving GAAP profitability, although the company's market share in the EV sector remains strong [3] Palantir Trade - Ark Invest reduced its position in Palantir by selling 47,309 shares, valued at approximately $9.2 million, with the stock closing at $193.98 [4] - BofA Securities expressed optimism about Palantir's growth, citing strong momentum in its U.S. commercial business and a recent two-year $448 million government order [5] Shopify Trade - Ark Invest sold 33,164 shares of Shopify, valued at approximately $5.6 million, with a closing price of $169.67 [6] - Shopify's recent Winter 2026 Edition showcased expanded capabilities in AI and merchant tools, reinforcing confidence in its long-term growth according to JPMorgan [7] WeRide Trade - Ark Invest purchased 520,697 shares of WeRide, valued at approximately $4.7 million, with the stock closing at $8.97 [8] - WeRide launched public Robotaxi rides in Dubai, marking progress towards a fully driverless rollout planned for early 2026 [9] Other Key Trades - Ark Invest acquired 78,793 shares of CRISPR Therapeutics across ARKG and ARKK [10] - Intellia Therapeutics saw an acquisition of 187,880 shares via ARKG and ARKK, while Rocket Lab sold 232,425 shares through ARKQ and ARKX [12]