Cathie Wood Dumps Tesla Stock Ahead Of Q4 Earnings, Ark Invest Loads Up On Amazon

Shivdeep Dhaliwal

January 28, 2025

On Tuesday, Cathie Wood-led Ark Invest executed significant trades involving Tesla Inc (NASDAQ:TSLA). and Amazon.com Inc. (NASDAQ:AMZN).

The Tesla Trade

Ark Invest made a decisive move on Tuesday by selling 2,772 shares of Tesla Inc. through its ARK Next Generation Internet ETF (NYSE:ARKW). The sale, valued at approximately $1.1 million based on Tesla’s closing price of $398.09, comes ahead of Tesla’s anticipated fourth-quarter earnings report. Investors are keenly observing Tesla’s performance, especially with CEO Elon Musk’s ambitious promise of a 30% sales increase in 2025. Despite a remarkable 106.68% rise over the past year, Tesla’s stock has seen a slight decline of 1.41% year-to-date. The market remains cautious, with Wall Street expressing skepticism about Tesla’s growth projections.

The Amazon Trade

On the same day, Ark Invest increased its stake in Amazon.com Inc. by purchasing 41,338 shares through ARK Innovation ETF (NYSE:ARKK) and ARKW. This acquisition, totaling approximately $9.8 million, is based on Amazon’s closing price of $238.15. Notably, Ark had purchased $1.76 million worth of Amazon shares just a day prior. The Amazon stock purchases has been a continuing trend with the Wood-led firm adding another $8.9 million worth of shares in early January.

Other Key Trades:

Sold 446,148 shares of Adyen NV (ADYEY) through ARKW.Sold 25,500 shares of Rocket Lab USA Inc (RKLB) through ARKQ.Sold 22,830 shares of Roblox Corp (RBLX) through ARKK.
Bought 69,250 shares of Absci Corp (ABSI) through ARKG.Bought 8,210 shares of Qualcomm Inc (QCOM) through ARKW.

Image via Shutterstock

Read Next:

Royal Caribbean Cruises Posts Upbeat Earnings, Joins Brighthouse Financial, Invesco, Boeing And Other Big Stocks Moving Higher On Tuesday

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

Recommended

DOGE's Next Target Set To Hand 401K Savers A Windfall? - Ad

The 2025 'Trump Shock' [401K Owners Stunned] - Ad

Stocks to Watch: The "Mag 2000" Is Now Ready to Rebound - Ad

Popular

Edmunds: 2025 Honda CR-V vs. 2025 Subaru Forester

The is a redesigned model, but Subaru didn’t exactly stray from the formula of the last generation. It’s still a boxy small SUV with great visibility, adventure-ready versatility, and a no-nonsense approach to interior design. Its many upgrades for 2025 help keep it competitive, but how does it fare against the class best?

Who is Mark Carney, the next prime minister of Canada?

TORONTO (AP) — Former central banker Mark Carney will become Canada’s next prime minister after a Liberal Party leadership vote in a landslide.

The Next Stage of the AI Revolution Has Begun

The Next Stage of the AI Revolution Has Begun - Ad

And it is time to invest in this next big AI breakthrough -- alongside some of the wealthiest people in the world. That's why I'd like to turn your attention to Elon Musk and his AI robot, Optimus. I think it has the potential to profoundly change the world and go down in history as Musk's greatest achievement. And I've found a 'backdoor' way to invest in this new Optimus project.

Federal judge reinstates labor board member fired by President Donald Trump

WASHINGTON (AP) — A federal judge agreed Thursday to reinstate a board member whom President Donald Trump removed from an independent labor agency.

Donald Trump's 'Crypto Summit' Is A 'Critical Moment,' Experts Say

Industry experts expect the White House Crypto Summit on Friday to deliver crucial regulatory clarity and a framework for a U.S. strategic crypto reserve, potentially shaping the future of blockchain innovation.

New "Trump" Currency Proposed in DC

New "Trump" Currency Proposed in DC - Ad

A new Executive Order could unlock a $150 trillion hidden asset--and spark a historic boom in one overlooked corner of the market. Jim Rickards reveals the full story--before it hits front-page news. Watch now before it's too late!

Greece says ambitious Mediterranean power cable project is on track despite setbacks

ATHENS, Greece (AP) — The future of an ambitious electricity cable linking the power grids of , and Israel by the end of the decade is on track despite a series of setbacks, Greece’s Foreign Minister Giorgos Gerapetritis said Thursday.

The Heart-Breaking Story Of Afghan Women Facing Deportation After Trump's USAID Aid Cuts

Over 80 Afghan women, studying under USAID scholarships in Oman, face imminent deportation due to Trump's aid freeze, risking dire consequences in Afghanistan.

MicroLED Market Set for Explosive Growth

MicroLED Market Set for Explosive Growth - Ad

Remember when NASDAQ: OLED launched its IPO at $6 and later soared to a peak of $252.69, achieving a remarkable 4,090% gain? Now a new MicroLED innovator with a patented groundbreaking technology and a co-development partnership with a major display manufacturer could enable the mass commercialization of MicroLED displays.

Explainer: What's a recession and why is rising anxiety about it roiling markets?

WASHINGTON (AP) — Stock markets , consumers and businesses have started to , and economists are marking down their estimates for growth this year, with some even seeing rising odds of a recession.

Palantir Cofounder Peter Thiel Might Write A Book About Ancient Prophecies, The Antichrist, And Armageddon - He Thinks We're Ignoring The Real Threat

Billionaire tech investor Peter Thiel is exploring a book on ancient prophecies, the Antichrist, and Armageddon, warning that society is ignoring the threat of a one-world government—a concern he believes demands urgent attention.

Forget Nvidia - This Odd Tariff Play Is Now Going Viral

Forget Nvidia - This Odd Tariff Play Is Now Going Viral - Ad

As President Trump slaps China with new tariffs, the Fed is boxed in--and gold is skyrocketing just like it did during Trump's first term. JPMorgan just grabbed $4 Billion in gold bars... should you? Discover a "Tariff Assistance Loophole" to move funds from your IRA & 401(k) into gold--tax-free!

3 ETFs With Super Micro Computers Exposure, Enjoy AI Surge

Super Micro (NASDAQ: SMCI) is a top player in AI infrastructure with growing demand and potential for investors. ETFs like SMH, BOTZ and IGV can benefit from its growth.

Fashion trends for fall: Big shoulders, even bigger coats and a color story to dye for

PARIS (AP) — Paris has spoken, and fashion’s final authority has laid down the law: This coming fall, it’s all about power shoulders, enveloping outerwear, and a color palette that runs from somber to surreal.

Elon's Greatest Invention... Hidden in South Memphis?

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Bitcoin, Ethereum And Dogecoin Crash As Trump Refuses To Rule Out Recession: Arthur Hayes Predicts BTC To Retest $78,000

Leading cryptocurrencies sold off Sunday evening as President Donald Trump declined to rule out the possibility of a recession.

Freshpet Is Not Out Of The Woods On Consumption Trends, Analyst Says

JP Morgan analyst cuts Freshpet price forecast to $102 while maintaining a Neutral rating. Concerns over changing consumption trends and accuracy of estimates, but strong revenue growth and long-term potential. EBITDA and revenue growth estimates revised.

Time to Buy Shares of Elon Musk's Partner

Time to Buy Shares of Elon Musk's Partner - Ad

The CEO of Nvidia said Elon Musk's new project is... "easily the fastest supercomputer on the planet." And Eric Fry, the legend who picked 41 stocks that jumped 1,000%+. Is now recommending shares of a company that has partnered with Elon Musk in this new project.

Mortgage lender Rocket Cos. to acquire real estate brokerage Redfin in deal valued at $1.75 billion

Mortgage lender Rocket Cos. has agreed to acquire online real estate brokerage Redfin in an all-stock deal valued at $1.75 billion.

Johnson & Johnson's Golden Cross: Technical Momentum Meets Groundbreaking Lung Cancer Breakthrough

JNJ stock hits Golden Cross, signaling potential long-term upside. Latest breakthrough in lung cancer treatment could provide additional catalyst.

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80%

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Argentine retirees and soccer fans clash with police during protests against austerity measures

BUENOS AIRES, Argentina (AP) — Argentine retirees and fans of several soccer teams clashed with police Wednesday during a protest in front of Congress in the capital, Buenos Aires, against the economic policies implemented by the government of .

CompoSecure Beats EBITDA Estimates But Analyst Cuts Price Forecast Amid Resolute Spin-Off And Growth Outlook

Analyst maintains Buy rating & lowers price target for CompoSecure Inc after Q4 revenue & EBITDA miss, but gains comfort with Resolute spin & Arculus profitability.

Tesla's Burning. Stocks Falling. but the Worst Is Yet to Come

Tesla's Burning. Stocks Falling. but the Worst Is Yet to Come - Ad

From FDR to LBJ... every major reset came from the very top. Now Trump is triggering the next one--not to preserve the system, but to rebuild it from the ashes. Fortunes could be made--or destroyed. Which side will you be on?

Wisconsin appeals court overturns ruling allowing for emailing ballots to disabled voters

MADISON, Wis. (AP) — A Wisconsin appeals court ruled Wednesday that disabled people are not allowed to receive absentee ballots by email, overturning a less than three weeks before the .

How to roll over an old 401(k)

Old are a little like the old clothes in the back of your closet. You know you should do something about them, but there they sit, mostly out of sight and mind.

Trump's Reset Could Be Worse Than FDR and LBJ's Combined

Trump's Reset Could Be Worse Than FDR and LBJ's Combined - Ad

Tex-Mex chain On the Border files for bankruptcy protection

On the Border Mexican Grill & Cantina has filed for bankruptcy protection, citing pressure and changing customer behavior.

Ontario Zaps US States With Higher Electricity Prices In Retaliation To Trump Tariffs

Bloomberg reports that Ontario on Monday has implemented a 25% electricity price hike on exports to several states. Premier Doug Ford emphasized that the move targets President Trump's policies rather than American consumers.

Maverick Trader Reveals 97% Accurate System

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Intel, D-Wave Quantum, Adobe, Nvidia, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

The S&P 500 and Nasdaq rose on Wednesday. The rally was fueled by a cooler-than-expected inflation report, which bolstered expectations for monetary easing.

Dollar General Q4 Earnings Preview: Revenue, Profit Margins, Tariffs In The Spotlight

Dollar General is set to release its fourth-quarter financial results ahead of Thursday's opening bell. Here's a look at what to expect in the report.

Trump's Final Reset

Trump's Final Reset - Ad

Inside the shocking plot to re-engineer America's financial system...and why you need to move your money now. Presidential insider exposes shocking plot to reshape U.S. economy.

Japanese automaker Nissan's chief executive steps down after dismal results

TOKYO (AP) — Japanese automaker Nissan Motor Co.'s chief executive, Makoto Uchida, is stepping down after the company reported dismal financial results.

Incyte Releases Mixed Data From Late-Stage Opzelura Studies In Skin Disease Characterized By Itchy Firm Lumps

Incyte's Phase 3 TRuE-PN trials show ruxolitinib cream improves itch relief in prurigo nodularis, though TRuE-PN2's primary endpoint fell short.

Elon Musk Drops Stunning Bombshell?

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

D-Wave Quantum, Docusign, Ulta Beauty, Meta Platforms, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indices experienced turbulent sessions on Thursday, with the S&P 500 entering technical correction territory.

TeraWulf Stock Tanks: Death Cross Spells Trouble For Bitcoin Miner

TeraWulf Inc. (NASDAQ:WULF) hit a technical roadblock, forming a Death Cross — a classic bearish signal that suggests trouble ahead.

Elon Musk's New Project... Revealed

Elon Musk's New Project... Revealed - Ad

You won't believe what Elon Musk is hiding... Inside this facility in the middle of an industrial zone of Memphis, right next to a decommissioned coal plant.

Tesla tumbles again as investors bail on Elon Musk's suddenly struggling electric vehicle company

Shares of Tesla are sliding again Monday as confidence in Elon Musk's electric car company continues to disintegrate following a post-election “Trump bump.”

Trending Now