Cathie Wood Trims TSLA Stake Before Robotaxi Day: Should You Too?

Key Takeaways Cathie Wood's ARKK sold 50K TSLA shares despite robotaxi optimism and a $2,600 price target. TSLA plans to launch robotaxi service in Austin on June 12 but the hype already seems priced in the stock. TSLA EV sales continue to slip, with EPS estimates falling and valuation appearing stretched.Electric vehicle (EV) behemoth Tesla (TSLA) is set to roll out its robotaxi services very soon. Per Bloomberg, the launch is just a week away. The buzz around this next-gen mobility service sent Tesla’s ...