Cathie Wood's ARK Invest Sells Tesla Shares as Part of Strategic Rebalancing
Cathie Wood's ARK Invest trimmed 23,110 Tesla shares, valued at $11.2 million, amidst a 50% surge in Tesla's stock over six months. This strategic move, part of a deliberate portfolio rebalancing, keeps Tesla as ARK's largest holding, reflecting confidence in its long-term potential, especially in the Robotaxi sector.
Dec 21