Saturday, July 12, 2025

Latest

Cathie Wood Dumps Nearly $140 Million in Tesla Amid Recent Rally

Cathie Wood has liquidated some of her fund’s Tesla stock, as a recent rally in the EV maker’s share price made for an attractive sale.

According to Bloomberg, which cited trading data, Cathie Wood’s ARK Innovation, ARK Next Generation Internet, and ARK Autonomous Technology & Robotics ETFs sold off more than 180,000 shares of Tesla between Wednesday and Thursday, putting the total value of the sale at around US$139 million.

Despite the considerable sale, it only accounts for approximately 3% of Wood’s total Tesla holdings, with her firm still owning over US$4 billion. The EV maker has enjoyed a recent stock rally, increasing its market value by around US$75 billion over the past three weeks.

At the beginning of the year, Wood forecast that Tesla would soar to US$3,000 before the end of 2025, amounting to a potential valuation of approximately US$3 trillion and a market cap of nearly US$760 billion for the automaker.


Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Musk Talks about DOGE Retreat While Comparing Initiative to ‘Buddhism’ and Himself to Buddha

Tesla (Nasdaq: TSLA) CEO Elon Musk is preparing to scale back his involvement with the...

Friday, May 2, 2025, 02:14:00 PM

NHTSA Investigation Report on Autopilot System “Devastating For Tesla”

The National Highway Traffic Safety Administration (NHTSA) delved into the functionality and safety of Tesla’s...

Tuesday, April 30, 2024, 03:09:00 PM

Morgan Stanley: Apple’s EV Market Entrance Puts Tesla in Bearish Territory

Shortly after Elon Musk frantically turned to Twitter to reveal to the world that Apple...

Monday, December 28, 2020, 03:56:00 PM

Is Tesla Bracing For Potential Layoffs?

Tesla (Nasdaq: TSLA) is facing growing rumors of substantial layoffs in the coming weeks, potentially...

Monday, April 15, 2024, 10:37:20 AM

Tesla To Proceed With Three For One Share Split

Tesla (NASDAQ: TSLA) on Friday confirmed that it will be proceeding with a previously proposed...

Monday, August 8, 2022, 08:08:55 AM