Ark Invest Shifts Focus, Trims Tesla Holdings by $30 Million

Ark Invest has increased its exposure to gene-editing and autonomous mobility sectors, reducing its Tesla holdings by 60,715 shares valued at $30 million. The firm acquired shares of CRISPR Therapeutics and Pacific Biosciences, and added shares of WeRide in the autonomous mobility sector. Ark trimmed positions in Cloudflare, Palantir, Roku, and Shopify. Tesla reported a revenue of $95.63 billion with a three-year revenue growth rate of 20.7%. The company's operating margin is 5.09%, net margin is 5.31%, and gross margin is 17.01%.