ARK Trims Tesla Holdings 🚗

[johnblockbuster]

At the same time, ARK sold around 71,638 Tesla shares (~$30M) across ARKK and ARKW ETFs. Tesla stock fell 3.68% on the day.

This comes after Tesla shareholders approved CEO Elon Musk’s nearly $1T pay package, potentially raising his stake from 13% to 25% if performance milestones are met.

[alex10]

Cathie Wood likely rebalancing before the next macro move — smart timing.

[Nahid Hossen]

ARK’s trim shows profit-taking, not loss of faith — still long on innovation.

[The_Walking_Dead]

Smart rebalance — Tesla volatility pays to play light. ️

[Capybara_Capybara]

ARK trims, but conviction stays. Long-term still bullish.

[Swipe]

Locking profits before uncertainty — classic move.

[Revenant]

Sell high, reload lower. Simple math.