Reported 11 days ago
Cathie Wood of Ark Invest is selling her Tesla shares and investing heavily in Amazon, a shift reflected in her strategy of taking profits amid Tesla's recent stock surge. Over the past few weeks, Wood has sold significant amounts of Tesla stock while purchasing more than 395,000 shares of Amazon, which she views as a strong long-term opportunity due to its diverse business and AI growth potential. Despite the sales, Wood remains bullish on Tesla, reinforcing her commitment to both companies.
Source: YAHOO