Particle.news
Download on the App Store

ARK Invest Trims Tesla, Deploys Capital to Pony.ai, TSMC and Baidu

The moves emphasize AI infrastructure plays over concentrated exposure to one automaker.

Overview

  • On Nov. 10, ARK sold 5,426 Tesla shares for about $2.4 million across its ETFs.
  • ARKQ bought 173,798 Pony.ai shares worth roughly $2.5 million after the company’s Hong Kong IPO priced at HK$139 and raised about HK$6.7 billion.
  • ARKX acquired 16,598 Taiwan Semiconductor shares valued near $4.9 million as the chipmaker reported strong October results driven by advanced chip demand.
  • ARKK and ARKQ added a combined 94,095 Baidu shares, an investment of approximately $12.4 million to increase exposure to Chinese AI.
  • China Passenger Car Association data show Tesla’s China-made vehicle sales reached 61,497 in October, down 9.9% year over year and 32.3% month over month.