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

The Tesla Shock Nobody Sees Coming - Ad

Elon's Haters Are About to Lose Their Minds... - Ad

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

REDMOND, Wash. (AP) — Microsoft on Wednesday reported its quarterly sales grew 18% to $77.7 billion.

Cathie Wood Warns Wall Street Is Missing AI's Biggest Opportunity In Healthcare, Calling It 'Sleeper' Investment Poised For Massive Returns

Cathie Wood, CEO of Ark Invest, believes healthcare is the most profound application of AI and Wall Street is overlooking its potential.

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system...

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

When a small group of private companies - not the Fed - will perform a major mint of a new kind of money. And those who act before this new system fully kicks in could see gains as high as 40X by 2032. But those who fail to prepare will be blindsided by this sea change to the U.S. dollar.

Cathie Wood Dumps $3.7 Million Of Palantir Stock Despite AI Boom — Here's What She's Buying Instead

Ark Invest boosted positions in Qualcomm and BYD, while trimming Palantir and Shopify. Ark also acquired shares of China's BYD despite recent recall.

Move Over, Musk—The World's Richest Woman Joined the $100B Club

Alice Walton, daughter of Walmart founder Sam Walton, is the richest woman in the world worth more than $100 billion.

Elon's New Device Could Launch Biggest IPO of the Decade

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Social Security Faces Insolvency In 7 Years — Committee Proposes COLA Cap For Wealthier Retirees

Proposal to limit Social Security COLAs for high earners aims to prevent insolvency. Checks may increase by 2.8% in 2026.

2026 COLA Increase: Social Security Benefits To Rise By 2.8% In 2026, Here's How Much More You Will Get Every Month

The Social Security Administration announced a 2.8% COLA increase for 2026, affecting 75 million Americans.

America's Top Crypto Expert's Next Big Prediction

America's Top Crypto Expert's Next Big Prediction - Ad

Juan Villaverde used his crypto timing model to call every bull and bear market in crypto since 2012. Now his model is alerting him to the next set of coins with huge potential, all thanks to a massive shift inside the world of crypto.

Taiwan Didn't Steal US Chip Jobs, It Helped Create Them, Says Tech Insider

Taiwan Semiconductor Manufacturing Co stands at the heart of global chip production, powering US tech giants and fueling growth.

2,000 mink released from Iowa farm in what trade group calls 'terrorist act'

One or more intruders broke into an Iowa mink farm and released 2,000 of the furbearing animals in what a trade group called a “terrorist act” under federal law.

November 18: D-Day For The Dollar

November 18: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on November 18. Investors who make the right moves before then could make up to 40X by 2032...

After winning Trump's $20 billion, President Milei must win votes as Argentine industry reels

BUENOS AIRES, Argentina (AP) — The factory floor used to roar.

Elizabeth Warren And Adam Schiff Introduce Senate Resolution Condemning Trump's Pardon Of Changpeng Zhao

Senators Elizabeth Warren (D-Mass.) and Adam Schiff (D-CA) are introducing a Senate resolution condemning President Donald Trump‘s pardon of Binance (CRYPTO: BNB) founder

Amazon's Layoffs Were Just the Beginning

Amazon's Layoffs Were Just the Beginning - Ad

Amazon just slashed 30,000 jobs and almost no one's talking about the real reason why. A former hedge fund manager says it's part of a much bigger shift. One that could reshape how we all work, invest, and build wealth in the years ahead. He's spent the last decade preparing for this moment... and just released something that could help everyday Americans get ahead, while there's still time.

Trump Reportedly Rebuffs Ukraine Missile Appeal After Putin Call: 'Time To Stop...'

President Donald Trump declined to supply Ukraine with Tomahawk missiles after a tense meeting with Ukrainian President Volodymyr Zelensky at the White House on Friday, according to a report.

Journalists turn in access badges, exit Pentagon rather than agree to new reporting rules

WASHINGTON (AP) — Dozens of reporters turned in access badges and exited the Pentagon on Wednesday rather than agree to government-imposed , pushing journalists who cover the American military further from the seat of its power. The U.S. government has called the new rules “common sense.”

Ex-CIA Officer: New White House Plan Could Unleash Est. $2.2 TRILLION In American Wealth

Ex-CIA Officer: New White House Plan Could Unleash Est. $2.2 TRILLION In American Wealth - Ad

Buck Sexton reveals what he believes is the president's plan to unleash an estimated $2.2 TRILLION in new wealth into an advanced form of AI over the next 10 years. As a deeply connected insider, Buck has access to literally everyone inside the president's inner circle and he says it's about to happen again right now.

Why Is BTQ Technologies Stock Up Today?

Shares of BTQ Technologies Corp. (NASDAQ:BTQ) are rising Thursday after the company announced that it reached a significant technological milestone.

Why D-Wave Quantum (QBTS) Stock Is Getting Hammered Today

Shares of D-Wave Quantum are trading lower Wednesday afternoon, caught in a broader market downturn.

Is AI In a Bubble? (Shocking answer inside!)

Is AI In a Bubble? (Shocking answer inside!) - Ad

Soon hundreds of 'Big Tech' stocks could come crashing down, cutting the entire tech market in HALF - virtually overnight. So, will you be ready for what's coming? Because despite the coming carnage, fortunes could still be made...

Supreme Court will consider whether people who regularly smoke pot can legally own guns

WASHINGTON (AP) — said on Monday that it will consider whether people who regularly smoke marijuana can legally own guns, the latest firearm case to come before the court since .

Donald Trump Faces 'No Kings Day' Protests As Millions March Nationwide, GOP Stays Silent Amid Authoritarianism Claims

Millions rallied nationwide against Trump, with top lawmakers supporting protests and condemning Trump's consolidation of power.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Loggins demands removal of Trump's AI-generated video using ‘Danger Zone’

NEW YORK (AP) — Kenny Loggins is objecting to the use of his music in a social media post showing an artificial intelligence-generated video of dumping excrement from a fighter jet on last weekend's .

L3Harris Lands $2.26 Billion South Korea Air Defense Contract

L3Harris won a $2.26B deal to deliver modified Bombardier Global 6500 AEW&C aircraft to the South Korean Air Force.

Elon's Haters Are About to Lose Their Minds...

Elon's Haters Are About to Lose Their Minds... - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Dogecoin's $0.21 Problem: Why This Analyst Says Keep It On Your Radar

On Monday, social media influencer Ali Martinez, known popularly on X as Ali, drew the attention of the crypto community to an important resistance level for Dogecoin (CRYPTO: DOGE).

Magnolia Oil & Gas Gets Upgrade On Strong Finances, Brighter Oil Outlook

KeyBanc raised Magnolia Oil & Gas to Overweight with a $29 target, citing a defensive profile and disciplined growth outlook.

Why Are 21 Billionaires Moving Their Money ASAP?

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

One of the biggest stock market events in 25 years is rapidly unfolding... The economist who predicted the 2008 Financial Crisis says it will be: "The Biggest Crash of Our Lifetime." Starting November 19 it could cut the entire tech marketing by HALF.

Hims & Hers, Salesforce, Omeros, United Airlines, And Sea Ltd: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indices ended mixed on Wednesday, with the Dow Jones Industrial Average slipping 0.04% to 46,253.31.

Kevin O'Leary Said His Mom's Secret 55-Year-Old Investment Portfolio Outperformed Most Hedge Funds—He Decided Then, 'That's How I'm Going To Invest'

Shark Tank's Kevin O'Leary revealed how his mother's disciplined, 55-year investment strategy of diversification and long-term thinking shaped his own approach to building and preserving wealth.

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system...

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

Rigetti, MP Materials, And STMicroelectronics Are Among Top 10 Large Cap Losers Last Week (Oct. 20-Oct. 24): Are the Others in Your Portfolio?

Large-cap losers last week included RGTI, STM, QBTS, SMR, DECK, HMY, MP, ASTS, OKLO, FRMI amid guidance misses, downgrades headwinds.

A cargo aircraft skids off a Hong Kong runway into the sea, killing 2 people

HONG KONG (AP) — A cargo aircraft skidded off a Hong Kong runway into the sea when landing early Monday, killing two people.

Elon's New Device Could Launch Biggest IPO of the Decade

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

3 Communication Stocks Making Big Moves On Value Metrics

Three communication service stocks posted sharp gains in Benzinga's value rankings this week, highlighting renewed investor interest in the sector. Here's what investors need to know.

Firefighters contain blaze at Hungary's main oil refinery

BUDAPEST, Hungary (AP) — Firefighters in have contained a blaze that broke out overnight at the country’s main oil refinery, authorities and Hungarian energy company MOL said Tuesday. No injuries have been reported.

America's Top Crypto Expert's Next Big Prediction

America's Top Crypto Expert's Next Big Prediction - Ad

TotalEnergies Profit Outlook Brightens On Refining Strength

TotalEnergies (NYSE: TTE) expects 3Q25 performance to improve with 4% Y/Y increase in oil & gas production.

Trending Now