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    TSLA   US88160R1014


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Tesla : ARK buys another $64 million in Coinbase shares, sells $99.5 million of Tesla shares

04/16/2021 | 09:00pm EDT
FILE PHOTO: Employees of Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, watch as their listing is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York

(Reuters) - Cathie Wood's ARK funds bought more shares of cryptocurrency exchange Coinbase Global Inc on Friday while selling shares of electric carmaker Tesla, according to the firm's daily trade summary.

ARK on Friday bought 187,078 shares of Coinbase, which debuted on the Nasdaq earlier this week, in a purchase worth nearly $64 million at the day's closing price of $342.

It sold 134,541 shares of Tesla, valued at $99.5 million at Friday's close. Tesla is still by far the firm's biggest position by value on its major funds.

The funds added to were the flagship ARK Innovation fund, the Next Generation Internet ETF and the Fintech Innovation ETF.

The Coinbase purchases add to the 341,186 shares purchased on Thursday and 749,205 purchased on Wednesday.

ARK sold the Tesla shares from its flagship fund and its Next Generation Internet ETF.

The bet on Coinbase gives ARK more indirect exposure to cryptocurrencies on top of its big bets on the likes of Tesla, which recently invested in bitcoin and said it would accept the cryptocurrency as payment for its cars.

Celebrity fund manager Wood gained prominence last year among retail investors and managed to attract a steady pile of cash into her red-hot funds.

(Reporting by Ira Iosebashvili; Editing by Leslie Adler)

ę Reuters 2021
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Financials (USD)
Sales 2021 49 350 M - -
Net income 2021 3 331 M - -
Net cash 2021 9 077 M - -
P/E ratio 2021 204x
Yield 2021 -
Capitalization 606 B 606 B -
EV / Sales 2021 12,1x
EV / Sales 2022 8,86x
Nbr of Employees 70 757
Free-Float 80,0%
Duration : Period :
Tesla, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 34
Average target price 673,13 $
Last Close Price 629,04 $
Spread / Highest target 90,8%
Spread / Average Target 7,01%
Spread / Lowest Target -76,2%
EPS Revisions
Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
Antonio J. Gracias Independent Director
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