Cathie Wood-Led Ark Invest Sells $8M In Tesla Shares Despite Bullish Autonomy Forecast – Markets Insider

Cathie Wood, the head of Ark Invest, has recently sold $8 million worth of Tesla shares, despite predicting a bullish future for the electric car company. Wood’s firm, known for its focus on disruptive technologies, made this move even as she remains optimistic about Tesla’s potential in the autonomous driving sector. Wood’s decision to sell shares may raise questions among investors, but it reflects her firm’s strategy of actively managing its portfolio to capitalize on market opportunities. Despite the sale, Wood’s overall outlook on Tesla remains positive, highlighting the volatile nature of the stock market and the need for investors to stay vigilant in managing their investments.