Tesla, Inc. (NASDAQ:TSLA) shares settled lower for a third session on a trot on Tuesday amid worries over a potentially dismal quarter and also rumors of a strategic shift in its product pipeline plans. Undeterred by the predicament, Ark Invest run by Tesla bull Cathie Wood was a buyer of the weakness.
What Happened: Ark, through its ARK Innovation ETF (NYSE:ARKK), ARK Autonomous Technology & Robotics ETF (CBOE: ARKQ) and ARK Next Generation Internet ETF (NYSE:ARKW), bought 20,683 shares of Tesla on Monday valued at $3.25 million. The stock settled the session down 2.71% at $157.11, according to Benzinga Pro data.
Intraday, the stock dropped as much as 4.8% to a low of $153.75 before recouping some of the losses.
Tesla is now the top holding of the firm's flagship – the ARKK exchange-traded fund, accounting for 9.83% of the portfolio based on the value of the shares. The fund currently holds 4,028,071 Tesla shares valued at $650.45 million.
Why It's Important: Tesla's shares are expected to be highly volatile over the next few sessions until the company releases its first-quarter results. Sell-side firms have been trimming their estimates and price targets for Tesla ever since it reported first-quarter deliveries miss in early April.
Rumors of putting the development of the sub-$30,000 EV on hold and the massive layoffs the company announced this week did little to improve sentiment.
Since Friday, the stock has lost a little over 10%, with the sell-off also a function of the broader market turmoil. Over these sessions, the company's market cap eroded by about $56 billion.
Tesla is scheduled to report its first-quarter results on Tuesday. Analysts, on average, expect the company to report earnings per share of 53 cents on revenue of $22.61 billion, according to Benzinga Pro data. This compares to the year-ago earnings of 85 cents per share and revenue of $23.33 billion.
Other Trades:
Wood's Ark also added 58,243 shares of cancer genomic test and analytics company Personalis, Inc. (NASDAQ:PSNL) and 78,112 shares of Blade Air Mobility, Inc. (NASDAQ:BLDE).
On the other hand, it sold 285,524 shares of sports-betting company DraftKings Inc. (NASDAQ:DKNG) and 3,436 shares of industrial equipment conglomerate Caterpillar, Inc. (NYSE:CAT).
On Tuesday, Goldman Sachs analyst Ben Miller initiated coverage on DraftKings with a Buy rating with a $60 price target.
特斯拉公司（纳斯达克股票代码：TSLA）股价周二连续第三个交易日收低，原因是担心季度可能出现惨淡，还有传言称其产品管道计划将发生战略转变。特斯拉多头凯西·伍德经营的方舟投资没有受到困境的阻碍，是弱势的买家。
发生了什么：方舟周一通过其方舟创新ETF（纽约证券交易所代码：ARKK）、方舟自主科技与机器人ETF（芝加哥期权交易所：ARKQ）和方舟下一代互联网ETF（纽约证券交易所代码：ARKW）购买了20,683股特斯拉股票，价值325万美元。根据Benzinga Pro的数据，该股收盘下跌2.71％，至157.11美元。
盘中，该股下跌了4.8％，至153.75美元的低点，然后收复了部分损失。
特斯拉现在是该公司旗舰——ARKK交易所交易基金的最大持股，按股票价值计算，占投资组合的9.83％。该基金目前持有4,028,071股特斯拉股票，价值6.5045亿美元。
为何重要：在特斯拉公布第一季度业绩之前，预计特斯拉的股票将在未来几个交易日保持高度波动。自特斯拉在4月初公布第一季度交付量下降以来，卖方公司一直在下调对特斯拉的预期和目标股价。
关于暂停开发价值低于3万美元的电动汽车的传闻以及该公司本周宣布的大规模裁员并没有改善市场情绪。
自周五以来，该股已经下跌了10％以上，抛售也是整个市场动荡的结果。在这些交易日中，该公司的市值减少了约560亿美元。
特斯拉计划于周二公布其第一季度业绩。根据Benzinga Pro的数据，分析师平均预计该公司公布的每股收益为53美分，收入为226.1亿美元。相比之下，去年同期的每股收益为85美分，收入为233.3亿美元。
其他行业：
伍德方舟还增加了癌症基因组测试和分析公司Personalis, Inc.（纳斯达克股票代码：PSNL）的58,243股股票和Blade Air Mobility, Inc.（纳斯达克股票代码：BLDE）的78,112股股票。
另一方面，它出售了体育博彩公司DraftKings Inc.（纳斯达克股票代码：DKNG）的285,524股股票和工业设备集团卡特彼勒公司（纽约证券交易所代码：CAT）的3,436股股票。
周二，高盛分析师本·米勒开始对DraftKings进行报道，评级为买入，目标股价为60美元。
