Cathie Wood’s Ark Invest Sells More Tesla Stock — Acquires Shares Of Flying Taxi Company

On Tuesday, August 15, 2023, Cathie Wood-led Ark Invest made a significant move by trimming its Tesla Inc (NASDAQ:TSLA) holdings by nearly $440,000. This decision comes despite recent bullish projections and growth drivers identified for the Elon Musk-led company.

The Tesla Trade: Ark Invest’s decision to offload $2.15 million worth of Tesla shares, amounting to 8,972 shares through its ARK Innovation ETF (NYSE:ARKK) could be deemed intriguing. The transaction was valued at $438,896 at the closing price of $232.96.