Cathie Wood’s Ark Sells $15M Tesla Shares, TSLA Stock Turned Bearish?

Quick Summary:

Meanwhile, this strategic move, involving around 63,000 shares across two ETFs, has spurred discussions on Wall Street about the motivations behind the selloff, as Tesla remains the largest holding in Ark’s portfolio.

Ark Invest, led by Cathie Wood, has offloaded $15 million in Tesla shares, marking the first sale in nine months.

Besides, Cathie Wood’s praise for Tesla’s innovation, especially its advancements in AI and autonomous vehicles, underscores her long-term belief in the stock’s growth potential.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: Cathie Wood Ark Invest Tesla (TSLA) Cathie Wood's Ark Invest 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-03 @ 13:50:52 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 564 words

Reading Time: 4 minutes read

Sentences: 50 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21471757

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