Cathie Wood Ditches $5.6M More Tesla While Elon Musk Quits Government Role — Doubles Down On AI Stock Under Attack By Short Sellers

Benzinga05-29

On Wednesday, Cathie Wood‘s Ark Invest made notable trades involving  Tesla Motors and  Tempus AI. These trades come amid significant developments for both companies, with Tesla’s insider sales ...

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Comments

  • Toffeeme
    05-29
    Toffeeme
    As of May 29, 2025, Tesla accounts for 11.94% of ARK Innovation ETF (ARKK)'s holdings. This represents a market value of $772.7 million. Selling $5m worth of shares? That's nothing
  • Guavaxf30
    05-29
    Guavaxf30
    Interesting that Ark and insiders are selling even as retail players lap up the hope on Robotaxi in Houston.  Do they not have confidence in Elon Musk's big white hope? Or do do they know something we don't?
    • Dr Rck: 
      How can this be treated as a full launch when only a handful of robotaxi will be available during then? A full launch will be later in 2026 end after all the trials but investors are like pushing the stock price so high that even Gary Black felt enough is enough! Valuation is too high and not justified!
    • Guavaxf30: 
      Sorry, Austin, not Houston.
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