Cathie Wood's Ark Invest Continues To Bet On Tesla, Offloads Kratos Defense And Coinbase

On Friday, Cathie Wood-led Ark Invest made a series of significant trades, with Tesla Inc. (NASDAQ:TSLA), Roku Inc. (NASDAQ:ROKU), Archer Aviation Inc. (NASDAQ:ACHR), Aurora Innovation Inc. (NASDAQ:AUR), Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS), Coinbase Global Inc. (NASDAQ:COIN) and BWX Technologies Inc. (NYSE:BWXT)

The TSLA Trade: Ark Invest continued its bullish stance on Tesla, purchasing 59,705 shares through its ARK Innovation ETF (BATS:ARKK) and ARK Next Generation Internet ETF (BATS:ARKW).

This move comes amid investor panic following Elon Musk’s return to politics. Wood has consistently backed Tesla, calling its Robotaxi venture a “trillion-dollar opportunity”.

The value of the Tesla trade, calculated from the latest closing price, is around $18.72 million.

See Also: $1.5 Trillion Fund Franklin Templeton Starts Memeing On X: How Crypto Culture Infiltrates Finance – Benzinga

The AUR trade

Ark Invest bought 425,933 shares of Aurora Innovation through the ARK Autonomous Technology & Robotics ETF (BATS:ARKQ).

The value of the Aurora trade, calculated from the latest closing price, is around $2.23 million.

The ROKU trade

Ark Invest sold 32,446 shares of Roku Inc. The value of the Roku trade, calculated from the latest closing price, is around $3.77 million.

Other Key Trades:

• ARKK sold 168,990 shares of Archer Aviation Inc.
• ARK Space Exploration & Innovation ETF (BATS:ARKX) bought 18,387 shares of BWX Technologies.
• ARKQ and ARKX sold 92,456 shares of Kratos Defense.
• ARKW sold 5,596 shares of Coinbase Global.

Read Next:

• Cathie Wood Continues To Back Tesla As Investors Panic Amid Elon Musk’s Return To Politics: Calls Robotaxi Bet A Trillion-Dollar Opportunity

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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