Elon Musk’s upbeat outlook on Tesla’s stock price hitting $690 was overshadowed by Cathie Wood’s Ark Invest selling $9 million worth of Tesla shares. The move comes as a surprise considering the optimism surrounding the electric car company. Wood’s decision to offload such a significant amount of shares raises questions about the future performance of Tesla in the eyes of some investors. Despite Musk’s optimism, the market seems to be reacting differently to the news. It will be interesting to see how Tesla’s stock price performs in the coming days following this significant sell-off by Ark Invest.
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