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Tesla Is Rising. ARK’s Cathie Wood Bought More Stock. - Barron's

1. ARK Invest purchased 115,400 TSLA shares ahead of earnings report. 2. Tesla's second-quarter earnings per share expected to fall to 39 cents. 3. Sales occurred before the launch of Tesla's robo-taxi service. 4. Analyst predicts potential margin compression and reduced volume outlook for Tesla. 5. Tesla stock down 23% YTD but 21% up in the last year.

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FAQ

Why Neutral?

ARK's investments indicate ongoing confidence in TSLA, despite expected earnings decline.

How important is it?

ARK's activity shows institutional interest, impacting investor sentiment positively toward TSLA.

Why Short Term?

Earnings report on July 23 could influence TSLA's price imminently.

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