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Ark Invest Slashes Tesla Holdings Ahead of Robotaxi Launch

6/3/2025

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Summary

Story summary

Ark Invest, led by Cathie Wood, cut Tesla (TSLA) stock holdings three times last week.
Approximately 50,000 shares were sold, with 49,075 shares coming from the ARK Innovation ETF.
This decision was made despite Tesla's strong market presence.
A confirmed date for the launch of Tesla's robotaxi service is set for June.

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Story summary

Ark Invest, led by Cathie Wood, cut Tesla (TSLA) stock holdings three times last week.
Approximately 50,000 shares were sold, with 49,075 shares coming from the ARK Innovation ETF.
This decision was made despite Tesla's strong market presence.
A confirmed date for the launch of Tesla's robotaxi service is set for June.