TSLA - Cathie Wood's Ark Offloads Tesla Shares Worth $8.4M While Staying Bullish On Elon Musk's EV Company | Benzinga
On Wednesday, Cathie Wood-led Ark Invest continued its trend of offloading shares of Tesla Inc (NASDAQ:TSLA), marking the second consecutive day of significant sales.
This move follows Tesla’s recent rally and ongoing discussions about the company’s potential in autonomous driving technology.
The Tesla Trade: On Wednesday, Ark Invest offloaded $8.42 million worth of Tesla shares — the value is based on Tesla’s closing price of $262.59. The sale was made through the flagship Ark Innovation ETF (NYSE:ARKK).
Yesterday’s sale was executed through the Innovation ETF as well and amounted to nearly $20.56 million This followed last week’s significant sale through ARKK, which offloaded 51,155 Tesla shares. Despite these sales, Ark remains optimistic about Tesla’s future, projecting a stock price surge to $2,000 by 2027, largely driven by ...