Cathie Wood Pours $18.5M into Tesla Stock, Trims ACHR, Roku, and COIN Stocks, 7/12/2025
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Wood Loads Up on Tesla Stock
As per the daily trade disclosures, ARK added a total of 59,705 Tesla shares across its ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW), amounting to a hefty $18.5 million investment.
The buy highlights Wood's continued conviction in Tesla as a core long-term holding, especially amid growing interest in AI-powered autonomous vehicles.
In another notable buy, the ARK Autonomous Technology & Robotics ETF (ARKQ), the firm's ETF focused on autonomous tech and robotics, made a sizable addition of 425,933 shares of Aurora Innovation (AUR), valued at $2.29 million. Aurora is a key player in the self-driving technology space.
Is Tesla Stock a Buy or Sell Now?
Overall, Wall Street is sidelined on Tesla stock, with a Hold consensus rating based on 14 Buys, 13 Holds, and nine Sell recommendations. The average TSLA stock price target of $295.80 indicates 5.65% downside risk from current levels.
ARK Trims Stakes in Archer, Roku, and Coinbase
On the sell side, ARK reduced its position in electric aircraft maker Archer Aviation (ACHR), selling 168,990 shares for roughly $1.82 million from ARKK.
Meanwhile, the firm continued to trim its position in Roku and Coinbase stocks. On Friday, ARK sold 42,332 shares of ROKU worth $3.82 million across ARKK and ARKW ETFs. It also trimmed its Coinbase stake once again, offloading 5,596 shares for $2.17 million through the ARKW ETF. The transaction follows a larger sale of 16,627 shares on July 10, as ARK continued to scale back its position in the cryptocurrency exchange amid recent market volatility.
Wall Street's Take on ACHR, ROKU, and COIN
Turning to Wall Street, Archer stock scores a Moderate Buy consensus rating, with the average ACHR stock price target of $11.75 indicating an 11.80% possible decline from current levels. Coinbase also carries a Moderate Buy rating, with analysts' average COIN stock price target of $307.71 implying a possible 20.50% decline. In contrast, Roku shares have a Moderate Buy rating as well, but with an average ROKU stock price target of $93.79 that points to a potential upside of 5.39%.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Industrial sector's gains to be tested as earnings ramp up
By Lewis Krauskopf NEW YORK (Reuters) -The industrial sector has led the way for U.S. equities during a topsy-turvy year on Wall Street, but its strength will be tested as earnings season heats up. S&P 500 industrials, which include aerospace companies, electrical equipment and machinery makers, transportation firms and building products companies, have gained 15% so far in 2025. That's the best year-to-date performance of the S&P 500's 11 sectors and more than double the gain of the overall index. Momentum for the industrials sector and the broader market will be in focus with a heavy upcoming week of second-quarter earnings, which includes reports from more than one-fifth of the S&P 500, led by Alphabet and Tesla, the first of the "Magnificent Seven" megacap tech and growth companies to report. The S&P 500 has surged 26% since April, as investors shook off fears about a recession which had stemmed from President Donald Trump's "Liberation Day" tariff announcement. This earnings season "seems to be especially important because of the rebound that the market has had," said Chuck Carlson, chief executive officer at Horizon Investment Services. "I would think that that has built in a fair amount of optimism in terms of earnings." A number of industrials will be in the earnings spotlight as well. Aerospace and defense stocks have boosted the sector's performance this year, driven by heightened geopolitical tensions in the Middle East and Ukraine and fresh spending commitments by Germany and other nations. The S&P 500 aerospace and defense industry group has surged 30% this year. Defense companies to report in the coming week include RTX, Lockheed Martin and General Dynamics. GE Aerospace, whose shares have soared about 55% this year, raised its 2025 profit forecast on Thursday. Another industrial company spun off from legacy General Electric last year, GE Vernova, has seen its shares skyrocket over 70% this year, making it the best-performing industrial sector stock. The power equipment maker's results are due Wednesday. The push for reshoring infrastructure and expansion of artificial intelligence, which has lifted demand for cooling systems and factory automation, are two themes that have supported a number of stocks in the industry, including Eaton and Rockwell Automation, said Robert Pavlik, senior portfolio manager at Dakota Wealth Management. Another stock that has supported the industrial sector this year: Ride-hailing giant Uber, whose shares are up roughly 50%. "Unlike many non-Tech groups, there are a lot of solid stories here that don't rely on macro forces to deliver solid forward returns," Nicholas Colas, co-founder of DataTrek Research, said in a note on Wednesday. Large cap industrials still look attractive despite the group's recent run, Colas said. Indeed, while industrials have been viewed historically as closely tied to the fortunes of the economy, declines for a number of growth-cycle-linked stocks have weighed on the sector's performance. Shares of package delivery firms UPS and FedEx have posted sharp declines, while airlines including United Airlines and trucking companies such as JB Hunt Transport Services are also negative for the year. "There are economically sensitive (areas) within industrials that are not doing well," said Walter Todd, chief investment officer at Greenwood Capital. Other industrial companies slated to report in the coming week are Honeywell, Union Pacific and United Rentals. Beyond earnings, Wall Street will continue to focus on any developments on trade ahead of August 1, when higher U.S. tariffs on numerous trading partners are set to take effect. Investors will also be sensitive to news on the Federal Reserve, with Fed Chair Jerome Powell facing fresh pressure from Trump to resign as the president presses the central bank to lower interest rates. The Fed's next monetary policy meeting is July 29-30. The S&P 500 has climbed about 7% so far this year. The market has shown resilience despite "an incredible amount of uncertainty," said Eric Kuby, chief investment officer at North Star Investment Management Corp. "We continue to be surprised at how well stocks are trading given a lot of what would seem to be significant headwinds," Kuby said.
Yahoo
3 hours ago
- Yahoo
Demand for Elon Musk's Tesla Cybertruck plummeted in the second quarter, new data shows
Sales of the Cybertruck, Tesla's electric pickup, plunged 51% year-on-year in Q2 to just 4,300 vehicles, according to Cox Automotive. Design head Franz von Holzhausen had confirmed in December 2023 the company had collected deposits to fill over 2 million orders — enough to fill production for 16 years. Instead, the high price combined with build quality problems means it is looking less likely the Cybertruck will even eclipse its 2024 sales of 39,000 vehicles. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You Great Rates and Award-Winning Service The Insurance Savings You Expect It's probably a good thing Tesla refuses to publish detailed sales figures, otherwise everyone could see just how badly Elon Musk's Cybertruck seems to have flopped. Only in its second full year on the market, the full-size electric pickup saw a staggering 51% year-on-year decline in demand during the past three months, according to new data published by market researcher Cox Automotive. The extimated 4,300 sold in Q2 were even eclipsed by rivals from legacy brands, including the Ford F-150 Lightning and GMC Hummer EV truck. 'Suffice it to say, the hyper-competitive EV market is providing the troubled automaker no relief,' Cox Automotive reported, referring to Tesla. The company, which reported only aggregated quarterly global sales at the start of this month, did not respond to a request from Fortune for comment. Tesla said at launch it had deposits to fill 2 million orders Launched at the end of 2023, the Cybertruck had collected deposits for 2 million vehicles, design chief Franz von Holzhausen confirmed at the time. With Tesla officially installing capacity to build north of 125,000 vehicles annually, that was the equivalent of 16 years of demand before the company would have to find more customers. No wonder Tesla had initially hoped to double assembly line output by mid-2025 in order to meet this tidal wave. Yet those orders either keep getting pushed back or reservation holders have simply refunded their deposits. With 10,700 Cybertrucks sold through the first half, it's looking increasingly doubtful the model will crack the 39,000 units sold in 2024. The chief complaint about the vehicle has been just how far short it came to matching the original price promised in during its reveal, despite having two extra years' time in development. The most popular Cybertruck, the all-wheel-drive version with one motor each for powering the two axles, clocks in at $80,000 without extras instead of the $50,000 promised at its reveal in November 2019, when reservation owners could make a deposit. Multiple recalls and quality problems dogged the Cybertruck Then there were the build problems: two official investigations by U.S. federal traffic safety officials and eight recalls in all just for the 2024 model year. The most recent was perhaps also the most damaging for its image, as customers shared videos online in which they complained the glue holding parts of the truck's stainless steel exterior sheet metal in place failed, causing the panels to dangle precariously. The questionable quality of its underlying engineering was furthermore shown in numerous videos. Most notably, critics criticized Tesla's decision to substitute a conventional steel frame for less durable aluminum castings that can break when towing enough weight. On Tesla fan forums, opinions are now divided as to what if anything should be done about Musk's expensive flop. Some argue the vehicle should be scrapped for a more conventional look while others feel its iconoclastic take on the otherwise timeless pickup ought to be kept as Musk intended. Some relief should come in the current quarter as buyers previously on the fence could opt in favor of a purchase before the $7,500 federal tax credit expires at the end of September. 'The second half of the year will be a critical test of EV demand. Q3 will likely be a record, followed by a collapse in Q4,' argued Stephanie Valdez Streaty, senior analyst for Cox Automotive. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
Should You Forget Tesla and Buy This Millionaire-Maker Stock Instead?
Key Points Shares of Rocket Lab USA have soared more than 50% year to date. The rise of space infrastructure is a long-term trend now unfolding. It will pick up speed as space travel becomes cheaper and more reliable. 10 stocks we like better than Rocket Lab › Is it time to move on from Tesla stock? After the first six months of 2025, many investors might be tempted to do so. As of this writing, shares of the electric vehicle maker are down 22%, leaving many investors very disappointed. While I'm not prepared to move on from Tesla, there are other innovative companies that investors should keep an eye on. Today, I want to cover one of them, Rocket Lab USA (NASDAQ: RKLB). Unlike Tesla, its shares have been on fire so far this year, with a year-to-date return of more than 60%. Here's what you need to know about the company and its stock. Rocket Lab USA The first question investors should ask is: What exactly does Rocket Lab USA do? Well, it's a leader in the field of rocketry and orbital deployments. The company partners with governmental and commercial organizations to send up satellites and other space-based assets into orbit. Like its better-known competitor, SpaceX, Rocket Lab is riding a fast-growing trend: the expansion of space infrastructure. In short, the need for more high-tech equipment in space is increasing as governments and businesses alike turn skyward. Everything from logistics tracking to farming can now incorporate orbital technology, and Rocket Lab is stepping up by expanding access to orbital launches. The company has already completed 10 successful launches of its Electron rocket this year, bringing its total to 68 overall. What's more, the company is progressing toward the use of its reusable Neutron rocket. That program aims to further expand Rocket Lab's overall launch profile by incorporating a reusable rocket (Neutron), which then lands on a 400-foot landing platform. By integrating reusable rocketry, RocketLab aims to lower launch costs, making space-based infrastructure more affordable -- and appealing -- to a growing list of organizations. As the company continues to ramp up launches, its financials are poised to improve. Over the past 12 months, Rocket Lab has generated $466 million in revenue, up 32% year over year. As the company's Neutron program comes online, Rocket Lab's revenue growth should accelerate. According to consensus estimates compiled by Yahoo! Finance, sell-side analysts expect Rocket Lab to generate $890 million in revenue in 2026, up 55% from 2025. Yet, investors should know that Rocket Lab stock does carry risks. For starters, the company is unprofitable and lacks positive free cash flow. Second, any setback in its operations due to a launch malfunction could delay future missions, putting pressure on the company's balance sheet. While Rocket Lab has over $428 million in cash on hand, it also has $490 million in debt. That means the company may need to raise further capital to service its debt and continue operations. Therefore, Rocket Lab stock isn't for every investor. As a high-flying stock -- in every sense of the phrase -- Rocket Lab may be too hot to handle for some investors. Nevertheless, for investors who are willing to hold through volatility, Rocket Lab offers a chance to invest in the next great adventure for humankind: space. It's clear that humanity will want to achieve more in space in the decades to come, and for that to happen, reliable and cheap transportation to space will be necessary. Rocket Lab is well-positioned to be one of the early leaders in this field. Investors should take notice. Should you buy stock in Rocket Lab right now? Before you buy stock in Rocket Lab, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rocket Lab wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* Now, it's worth noting Stock Advisor's total average return is 1,059% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Jake Lerch has positions in Rocket Lab and Tesla. The Motley Fool has positions in and recommends Rocket Lab and Tesla. The Motley Fool has a disclosure policy. Should You Forget Tesla and Buy This Millionaire-Maker Stock Instead? was originally published by The Motley Fool Sign in to access your portfolio
