Investment firm ARK Invest, known for its bullish stance on Tesla, recently sold over 85,000 shares of the electric car company to balance out its exchange-traded funds (ETFs). This move comes as part of ARK’s strategy to ensure the diversification and stability of its ETF portfolios. ARK’s decision to sell a significant number of Tesla shares may reflect a shift in its overall investment strategy or a desire to reduce its exposure to the electric vehicle market. Tesla, a popular choice among ARK’s ETF holdings, has been a key player in the electric vehicle industry and has seen significant growth in recent years. This move by ARK may indicate a reevaluation of its investment priorities or a response to changing market conditions.
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