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Wednesday, June 7, 2023

Cathie Wood Watch: Ark Reverses Course on Electric-Vehicle Titan Tesla

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The distinguished investor Cathie Wood, chief government of Ark Investment Management, reversed course on a giant electric-vehicle maker in her May 23 buying and selling.

Ark additionally purchased and offered some acquainted names. All valuations under are as of Monday’s shut.

Ark Innovation ETF  (ARKK) – Get ARK Innovation ETF Report bought 15,858 of electric-vehicle titan Tesla  (TSLA) – Get Tesla Inc Report, valued at $10.2 million. 

Wood for months had been promoting Tesla shares, however she had stated that the gross sales mirrored profit-taking and that she nonetheless believed within the Austin firm.

Source: www.thestreet.com

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