Despite staying bullish, Cathie Wood of ARK Invest sells Tesla shares — what’s the reason?

Cathie Wood, who is known as a long-time Tesla super-bull, sold a large number of Tesla shares from ARK Invest funds. ARK Invest sold 60,898 Tesla shares from the ARK Innovation ETF (ARKK) and 27,095 shares from the ARK Next Generation Internet ETF (ARKW). In total, ARK sold 87,993 Tesla shares, worth about $39.3 million, across both ETFs, as reported by Investing.com. This sale surprised many investors because Cathie Wood has always been very positive about Tesla. Experts say the sale does not mean ARK ha ...