So much for confidence that Te

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So much for confidence that Tesla will go to $2,600 because of Robotaxi. Katie Woods, and other Tesla insiders have been disposing of their shares. They know something we don't?

ARK’s Cathie Wood Sold Tesla Stock Ahead of Robotaxi Launch

ARK Investment Management, led by growth investor Cathie Wood, trimmed its holding in Tesla stock last week even as the electric-vehicle company is expected to roll out its robo-taxi service in June.W

ARK’s Cathie Wood Sold Tesla Stock Ahead of Robotaxi Launch

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Katie Woods, and other Tesla insiders have been disposing of their shares. They know something we don't?</p></body></html>","htmlText":"<html><head></head><body><p>So much for confidence that Tesla will go to $2,600 because of Robotaxi. Katie Woods, and other Tesla insiders have been disposing of their shares. They know something we don't?</p></body></html>","text":"So much for confidence that Tesla will go to $2,600 because of Robotaxi. Katie Woods, and other Tesla insiders have been disposing of their shares. They know something we don't?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/441794630267096","repostId":2540151407,"repostType":4,"repost":{"id":"2540151407","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1748907000,"share":"https://ttm.financial/m/news/2540151407?lang=en_US&edition=fundamental","pubTime":"2025-06-03 07:30","market":"us","language":"en","title":"ARK’s Cathie Wood Sold Tesla Stock Ahead of Robotaxi Launch","url":"https://stock-news.laohu8.com/highlight/detail?id=2540151407","media":"Dow Jones","summary":"ARK Investment Management, led by growth investor Cathie Wood, trimmed its holding in Tesla stock last week even as the electric-vehicle company is expected to roll out its robo-taxi service in June.W","content":"<html><head></head><body><p style=\"text-align: start;\">ARK Investment Management, led by growth investor Cathie Wood, trimmed its holding in Tesla stock last week even as the electric-vehicle company is expected to roll out its robo-taxi service in June. </p><p style=\"text-align: start;\">Wood’s ARK Innovation ETF (ARKK) sold 27,377 shares of Tesla last Tuesday, 15,817 shares on Wednesday, and another 6,511 shares on Friday, according to the company’s disclosures of its daily trades. That is a total sale of nearly 50,000 shares for an estimated $17 million.</p><p>Tesla stock declined 1.1% to $342.69 on Monday—the first trading day in June—after gaining 23% in May.</p><p>ARK didn’t immediately respond to a request for comment.</p><p>ARK’s trades came as Tesla prepares to launch its robo-taxi service—on-demand rides using its self-driving CyberCab vehicles—in Austin this month. On an April call to discuss Tesla’s first-quarter earnings, CEO Elon Musk said the company expected to be selling fully autonomous rides in Austin in June, but didn’t give an exact date. Last week, Musk wrote on X that Tesla has been testing self-driving Model Ys in Austin with no incidents.</p><p>Speaking with CNBC recently, the CEO said that there will be about 10 robo-taxi Model Ys in the first week, and that the number could grow to 1,000 units in a few months. The service will be geo-fenced, said Musk, which means the cars will avoid certain areas if the company deems it unsafe.</p><p style=\"text-align: start;\">A Bloomberg report citing a person familiar with the matter said the launch will be on June 12.</p><p style=\"text-align: start;\">Wood has long been a bull for Tesla stock, mainly because of her optimism about the electric vehicle company’s future dominance in the robo-taxi business. ARK Invest has a price target of $2,600 for Tesla stock by 2029. Despite the recent sales, Tesla is the top holding in the ARKK fund, with a nearly 13% weighting as of Monday.</p><p style=\"text-align: start;\">In a conversation with <em>Barron’s</em> in April, Wood said she was still positive about the stock despite Tesla’s weaker sales and year-to-date declines in the share price at the time, partially because of Musk’s political involvement with the Trump administration. At their lowest point in 2025, shares had lost more than 35% year to date. </p><p style=\"text-align: start;\">The launch of the robo-taxi service would help consumers avoid the large upfront cost of buying a car, Wood told <em>Barron’s</em> at the time. “People can pay for rides as they go, as they’re doing with Uber and Lyft today, just at much cheaper prices without the costs of a human driver,” she said.</p><p style=\"text-align: start;\">Last week, Musk officially left his role within the Trump administration, which has damaged the Tesla brand and sales over the past few months. News that the CEO planned to refocus on Tesla and his other businesses has helped to lift the stock in recent weeks.</p><p style=\"text-align: start;\">Two weeks ago, Wedbush Securities analyst Dan Ives raised his price target for Tesla shares from $350 to $500, calling Tesla, which uses artificial intelligence to train its robo-taxis, an undervalued AI play.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARK’s Cathie Wood Sold Tesla Stock Ahead of Robotaxi Launch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARK’s Cathie Wood Sold Tesla Stock Ahead of Robotaxi Launch\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-03 07:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">ARK Investment Management, led by growth investor Cathie Wood, trimmed its holding in Tesla stock last week even as the electric-vehicle company is expected to roll out its robo-taxi service in June. </p><p style=\"text-align: start;\">Wood’s ARK Innovation ETF (ARKK) sold 27,377 shares of Tesla last Tuesday, 15,817 shares on Wednesday, and another 6,511 shares on Friday, according to the company’s disclosures of its daily trades. That is a total sale of nearly 50,000 shares for an estimated $17 million.</p><p>Tesla stock declined 1.1% to $342.69 on Monday—the first trading day in June—after gaining 23% in May.</p><p>ARK didn’t immediately respond to a request for comment.</p><p>ARK’s trades came as Tesla prepares to launch its robo-taxi service—on-demand rides using its self-driving CyberCab vehicles—in Austin this month. On an April call to discuss Tesla’s first-quarter earnings, CEO Elon Musk said the company expected to be selling fully autonomous rides in Austin in June, but didn’t give an exact date. Last week, Musk wrote on X that Tesla has been testing self-driving Model Ys in Austin with no incidents.</p><p>Speaking with CNBC recently, the CEO said that there will be about 10 robo-taxi Model Ys in the first week, and that the number could grow to 1,000 units in a few months. The service will be geo-fenced, said Musk, which means the cars will avoid certain areas if the company deems it unsafe.</p><p style=\"text-align: start;\">A Bloomberg report citing a person familiar with the matter said the launch will be on June 12.</p><p style=\"text-align: start;\">Wood has long been a bull for Tesla stock, mainly because of her optimism about the electric vehicle company’s future dominance in the robo-taxi business. ARK Invest has a price target of $2,600 for Tesla stock by 2029. Despite the recent sales, Tesla is the top holding in the ARKK fund, with a nearly 13% weighting as of Monday.</p><p style=\"text-align: start;\">In a conversation with <em>Barron’s</em> in April, Wood said she was still positive about the stock despite Tesla’s weaker sales and year-to-date declines in the share price at the time, partially because of Musk’s political involvement with the Trump administration. At their lowest point in 2025, shares had lost more than 35% year to date. </p><p style=\"text-align: start;\">The launch of the robo-taxi service would help consumers avoid the large upfront cost of buying a car, Wood told <em>Barron’s</em> at the time. “People can pay for rides as they go, as they’re doing with Uber and Lyft today, just at much cheaper prices without the costs of a human driver,” she said.</p><p style=\"text-align: start;\">Last week, Musk officially left his role within the Trump administration, which has damaged the Tesla brand and sales over the past few months. News that the CEO planned to refocus on Tesla and his other businesses has helped to lift the stock in recent weeks.</p><p style=\"text-align: start;\">Two weeks ago, Wedbush Securities analyst Dan Ives raised his price target for Tesla shares from $350 to $500, calling Tesla, which uses artificial intelligence to train its robo-taxis, an undervalued AI play.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0823414478.USD":"法巴经典能源转换基金","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","ARKK":"ARK Innovation ETF","SG9999015978.USD":"利安颠覆性创新基金A","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","TSLL":"2倍做多TSLA ETF-Direxion","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","BK4516":"特朗普概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","TSLA":"特斯拉","LU2063271972.USD":"富兰克林创新领域基金","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4574":"无人驾驶","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4543":"AI","BK4527":"明星科技股","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4511":"特斯拉概念","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","BK4585":"ETF&股票定投概念"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2540151407","content_text":"ARK Investment Management, led by growth investor Cathie Wood, trimmed its holding in Tesla stock last week even as the electric-vehicle company is expected to roll out its robo-taxi service in June. Wood’s ARK Innovation ETF (ARKK) sold 27,377 shares of Tesla last Tuesday, 15,817 shares on Wednesday, and another 6,511 shares on Friday, according to the company’s disclosures of its daily trades. That is a total sale of nearly 50,000 shares for an estimated $17 million.Tesla stock declined 1.1% to $342.69 on Monday—the first trading day in June—after gaining 23% in May.ARK didn’t immediately respond to a request for comment.ARK’s trades came as Tesla prepares to launch its robo-taxi service—on-demand rides using its self-driving CyberCab vehicles—in Austin this month. On an April call to discuss Tesla’s first-quarter earnings, CEO Elon Musk said the company expected to be selling fully autonomous rides in Austin in June, but didn’t give an exact date. Last week, Musk wrote on X that Tesla has been testing self-driving Model Ys in Austin with no incidents.Speaking with CNBC recently, the CEO said that there will be about 10 robo-taxi Model Ys in the first week, and that the number could grow to 1,000 units in a few months. The service will be geo-fenced, said Musk, which means the cars will avoid certain areas if the company deems it unsafe.A Bloomberg report citing a person familiar with the matter said the launch will be on June 12.Wood has long been a bull for Tesla stock, mainly because of her optimism about the electric vehicle company’s future dominance in the robo-taxi business. ARK Invest has a price target of $2,600 for Tesla stock by 2029. Despite the recent sales, Tesla is the top holding in the ARKK fund, with a nearly 13% weighting as of Monday.In a conversation with Barron’s in April, Wood said she was still positive about the stock despite Tesla’s weaker sales and year-to-date declines in the share price at the time, partially because of Musk’s political involvement with the Trump administration. At their lowest point in 2025, shares had lost more than 35% year to date. The launch of the robo-taxi service would help consumers avoid the large upfront cost of buying a car, Wood told Barron’s at the time. “People can pay for rides as they go, as they’re doing with Uber and Lyft today, just at much cheaper prices without the costs of a human driver,” she said.Last week, Musk officially left his role within the Trump administration, which has damaged the Tesla brand and sales over the past few months. News that the CEO planned to refocus on Tesla and his other businesses has helped to lift the stock in recent weeks.Two weeks ago, Wedbush Securities analyst Dan Ives raised his price target for Tesla shares from $350 to $500, calling Tesla, which uses artificial intelligence to train its robo-taxis, an undervalued AI play.","news_type":1,"symbols_score_info":{"ARKK":1,"TSLL":1,"TSLA":1}},"isVote":1,"tweetType":1,"viewCount":112,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":148,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}