Cathie Wood Sells 120K Tesla Shares
- 9 months ago
Tesla stock saw a slight decline of 2.8% on Tuesday, as Cathie Wood's Ark Invest firm has sold around 120,000 shares of Tesla over the past three sessions. Despite above-forecast earnings and revenue, Tesla's declining gross margins have raised investor concerns. This decline in Tesla's stock price has also impacted other EV companies like Rivian and Lucid, which have experienced stock price declines of 3.6% and 5.3%, respectively. Cathie Wood's ARK Investment Management has sold substantial Tesla shares over recent sessions.