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ARK Trims Tesla Stake, Despite Bullish Outlook
Teslas stock surges, fueled by autonomous driving, AI, and growth outlook, despite core business slowdowns. ARK Invest, led by Cathie Wood, trims Tesla holdings, selling off $11.2 million worth of shares, maintaining bullish stance, viewing Tesla as a robotics, energy, and AI platform. Stock trades at over 375 times forward earnings, analysts urge caution. ARKs trims show discipline amid volatility, keeping long-term conviction intact. Checkout Solipillow.com
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Published on 6 hours ago