Reported about 14 hours ago
Cathie Wood and Ark Invest recently sold over 181,000 Tesla shares, surprising some given her bullish stance and a long-term price target of $2,600. While Tesla remains Ark's largest holding, the sale could indicate concerns about the stock's short-term valuation, especially as sales are projected to drop in the coming year, despite its long-term potential. This adjustment may reflect a strategic move within Ark's risk management practices rather than a bearish outlook on Tesla.
Source: YAHOO