Elon Musk’s $690 Stock Price Optimism Aside, Cathie Wood’s Ark Dumps $9 Million Worth Of Tesla Shares
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Cathie Wood-led Ark Invest made notable trades on Wednesday, involving Tesla Inc. (NASDAQ:TSLA) and Coinbase Global Inc. (NASDAQ:COIN).
The Tesla Trade
The trade saw Ark Invest selling 20,582 shares of Tesla Inc. through its ARK Innovation ETF (NYSE:ARKK). The sale was valued at approximately $9.06 million based on Tesla’s closing price of $440.13. Despite a recent price target increase to $515 by analysts, Tesla’s stock faced a decline of 7.02% on Wednesday. Analysts continue to view Tesla as a leading player in…
