Cathie Wood's Ark Invest Dumps Another $3.25M Worth Of Tesla Shares Amid Searing Q2 Deliveries Rally - Ar

　　On Wednesday, Cathie Wood-led Ark Investmade a notable move by offloading a significant number of shares in Tesla IncTSLA, despite the recent rally driven by the companys impressive second-quarter delivery numbers.

　　The Tesla Trade

　　Ark Invest reduced its stake in Tesla across its ARK Innovation ETFARKK, selling 13,213 shares. This transaction came as a surprise, given that Teslas shares had recently soared 10.20% on Tuesday, marking the best intraday session since late April. Notably, on Tuesday, Ark Invest sold Tesla shares worth $14.5 million.

　　The boost was primarily driven by the Elon Musk-led companys second-quarter performance. Tesla reported 443,956 deliveries, significantly exceeding the expected 439,000 vehicles. This upside surprise fueled a rally, propelling shares toward their 2024 high. The majority of sales came from the affordable Models 3 and Y, with only 21,551 units from the pricier Models X, S, and the new Cybertruck.

　　Based on the last closing price of $246.39, the value of the sold shares on Wednesday stands at approximately $3.25 million. For the day, Tesla stock shot up 6.5%.

　　Other Key Trades:

• Ark Invests ARKFfund sold shares of Teladoc Health IncTDOC.
• The ARKGfund bought 2,551 shares of Intellia Therapeutics IncNTLA and sold shares of Verve Therapeutics IncVERV.
• The ARKKfund bought shares of Archer Aviation IncACHR and sold shares of Ginkgo Bioworks Holdings IncDNA.
• The ARKQfund sold shares of AeroVironment IncAVAV. The ARKXfund bought shares of Blade Air Mobility IncBLDE.

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　　This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

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