On Tuesday, Cathie Wood-led Ark Invest made significant trades, with the most prominent ones involving BYD Co Ltd BYDDY and Palantir Technologies Inc PLTR.
The BYD Co. Trade
Ark Invest, through its ARK Autonomous Technology & Robotics ETF ARKQ, purchased 18,748 shares of BYD Co Ltd. Based on the closing price of $54.47 on the same day, the estimated value of this trade is approximately $1.02 million. This move comes in the wake of a debate between the late billionaire investor Charlie Munger and Wood over the superiority of Tesla, Inc and BYD in the electric vehicle market.
Wood had defended Tesla, a key holding of Ark Innovation ETF, arguing that the 网页链接{lower costs associated with technologically enabled innovation} in batteries and drivetrains would cause a boom in unit demand. This move by Ark Invest may indicate a broader strategy to capitalize on the growing electric vehicle market.
$比亚迪(SZ002594)$ $特斯拉(TSLA)$ Cathie Wood's ARK Invest added positions in $META Meta, #BYD ADR, #TSMC, Qu...