<div id="readability-page-1"><div><div>On Wednesday, Cathie Wood‘s Ark Invest made notable trades involving Tesla Inc. and Tempus AI Inc. . These trades come amid significant developments for both companies, with Tesla’s insider sales raising eyebrows and Tempus AI facing scrutiny from short sellers.The Tesla TradeArk Invest’s flagship fund, ARK Innovation ETF ARKK, executed a sale of 15,817 shares of Tesla on Wednesday. Tesla shares ended the day at $356.90, valuing the transaction at $5.6 million.The Ark transaction aligns with a broader trend of insider sales at Tesla, reported on the same day. Two board members of Tesla have reportedly sold nearly $200 million worth of shares ahead of the company’s anticipated robotaxi launch in Texas. The insider sales, the latest being from Ira Ehrenpreis and Kimbal Musk, could signal potential concerns, especially as Tesla grapples with challenges such as a 13% drop in deliveries and increasing inventory levels. The sale of Tesla shares by Ark Invest adds to the ongoing narrative surrounding the electric vehicle giant’s current market position.Wood dumped $9.9 million worth of Tesla shares on Tuesday, even after CEO Elon Musk said that he is committed to spending “24/7” at work. On Wednesday, Musk officially announced that his “scheduled time” as special government employee had come to an end. The Tempus AI TradeArk Invest made a significant move by purchasing shares of Tempus AI Inc. across its ARK Genomic Revolution ETF ARKG and ARKK funds. The ARKG fund acquired 34,299 shares, while ARKK added 216,781 shares to its portfolio. Tempus AI shares ended Wednesday at $53.20, the total transaction was valued at $13.36 million.This acquisition comes at a time when Tempus AI is under scrutiny from Spruce Point Capital Management, a short seller that has raised concerns about the company’s management and accounting practices. The short seller’s report, titled “The Tempest Surrounding Tempus AI,” has contributed to a decline in Tempus AI’s stock price. Despite these challenges, Ark Invest’s purchase indicates a continued belief in Tempus AI’s potential within the AI sector.Other Key Trades:<ul> <li>Sold 319,981 shares of Adaptive Biotechnologies Corp from ARKG.</li> <li>Sold 67,261 shares of Roblox Corp from ARKK.</li> <li>Bought 134,023 shares of Intuitive Machines Inc in ARKQ.</li> <li>Sold 640,202 shares of 3D Systems Corp from ARKQ.</li> <li>Bought 179,266 shares of Nextdoor Holdings Inc in ARKW.</li> </ul>Photo Courtesy: Ira Lichi On Shutterstock.com<ul> <li>Ron DeSantis Signs Law Allowing Gold, Silver For Transactions In Florida, Citing ‘Declining Dollar’ Concerns</li> </ul>This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal</div></div></div>

TSLA

Cathie Wood's Ark Invest sold $5.6 million worth of Tesla shares amid insider sales and challenges for the company, while also purchasing $13.36 million in Tempus AI shares despite scrutiny from short sellers. The trades reflect ongoing concerns about Tesla's market position and Ark's confidence in Tempus AI's potential in the AI sector. Other notable trades included selling shares of Adaptive Biotechnologies, Roblox, and 3D Systems, while buying shares of Intuitive Machines and Nextdoor Holdings.

- Ark Invest made significant trades on Wednesday, selling 15,817 shares of Tesla and purchasing shares of Tempus AI Inc.  
- The Tesla sale, valued at $5.6 million, coincides with insider sales raising concerns about the company's market position amid declining deliveries.  
- Meanwhile, Ark's acquisition of Tempus AI shares, totaling $13.36 million, reflects confidence in the company's potential despite scrutiny from short sellers.

Benzinga

Tesla

Cathie Wood Ditches $5.6M More Tesla While Elon Musk Quits Government Role — Doubles Down On AI Stock Under Attack By Short Sellers