Reported about 1 month ago
Cathie Wood, the founder of Ark Invest, recently sold $22.3 million worth of Tesla shares as part of her strategy to lock in profits amid fluctuating tech stock performance. Despite her aggressive investment style focusing on disruptive technologies, Wood faces scrutiny for the lack of consistent long-term returns from her flagship Ark Innovation ETF, which has seen significant outflows recently. While she remains a strong advocate for Tesla and its innovations, this latest move highlights ongoing debates about her investment approach and the ETF's overall performance.
Source: YAHOO