Indian Clarity

Light. Truth. Clarity.

Loading ad...
Markets

Cathie Wood Dumps $11 Milllion Worth Of Tesla Stock While Doubling Down On These Notable Crypto Plays

Cathie Wood's Ark Invest sold approximately $11.2 million worth of Tesla shares amid the stock's recent volatility, despite a significant rally over the past six months. This decision comes as investors remain focused on Tesla's advancements in autonomous driving and overall growth prospects.

Cathie Wood Dumps $11 Milllion Worth Of Tesla Stock While Doubling Down On These Notable Crypto Plays

Credit: Yahoo

Key Highlights

  • Ark Invest sold 23,110 shares of Tesla, valued at $11.2 million.
  • Tesla's stock has surged nearly 50% in the last six months.
  • The sale occurred as Tesla's stock was experiencing volatility after reaching all-time highs.
  • Cathie Wood's decision to sell raises speculation given Tesla's history as a favored stock.
  • Investors are closely monitoring Tesla's advancements in autonomous driving and AI.
Loading ad...

Sources

  1. Cathie Wood trims $11.2 million in longtime favorite stock
  2. Cathie Wood Dumps $11 Milllion Worth Of Tesla Stock While Doubling Down On These Notable Crypto Plays

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Related Stories

Loading ad...