Automotive

Investment Leader Trims Tesla Holdings

This feels like a sign Tesla’s EV superiority is on a timeline while GM’s lead robotaxi position is on its way up.
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Investment Leader Trims Tesla Holdings

Cathie Wood surprised many by selling $12.7M in Tesla stock while buying nearly $6.1M in legacy OEM General Motors. The decision comes after Wood's investment firm, ARK Invest, released research projecting Tesla shares to reach $4,700 by 2026.

Diversifying. The decision does not reflect GMs efforts to enter the EV space, but interest in GM stems from its position at the forefront of robotaxi tech, thanks to an 80% stake in Cruise.

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