ARK's Big Moves: What's Happening with Tesla, Robinhood, and More?

On December 12, Cathie Wood's ARK Invest made some major moves in the stock market. They sold off some of their Tesla and SoFi shares but bought more of Robinhood and Block. This shows they are still big on financial tech and digital platforms. Tesla's sales in the U. S. dropped by 23% in November. This is a big deal because it's the lowest sales they've had in almost four years. Even though Tesla lowered prices, people aren't buying as much. ARK sold about $39. 3 million worth of Tesla shares. They also sold some SoFi and Teradyne shares. But ARK didn't stop there. They bought a lot more Robinhood shares, worth about $13. 4 million. This is the second big buy in two days. It seems like ARK really believes in Robinhood's growth beyond just trading. They're also expanding into retirement and crypto services.ARK also bought more Block shares, worth $6. 2 million. This is part of their focus on digital payments and financial services. They also bought shares in Deere & Co. , L3Harris Technologies, Rubrik, and Schrodinger. This shows they're still interested in technology, defense, and innovation. It's interesting to see how these stocks will do in the future. ARK's moves show they're confident in certain areas but also cautious in others. It's a good reminder that the stock market can be unpredictable, and even big investors like Cathie Wood make changes to their portfolios.