ARK Invest Sells Tesla Shares, But Bullish on Long-Term

ARK Invest, led by Cathie Wood, sold a portion of its Tesla shares, netting $11.2 million, after a recent rally. Despite this, Tesla stock continues to rise, driven by strong demand and Musks vision beyond cars, including robotaxi expansions and the Optimus humanoid robot. The stock trades at a premium, reflecting optimism on autonomy and robotics, with potential pullbacks seen as buying opportunities.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.