ARK’s Cathie Wood Says She Would Sell Tesla Stock if It Reaches This Price

ARK’s Cathie Wood Says She Would Sell Tesla Stock if It Reaches This Price
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Leading technology investor Cathie Wood said she would be willing to sell down her flagship fund’s large stake in Tesla next year if the stock reaches its $3,000 price target early, according to reports. Cathie Wood, the chief executive of ARK Invest, was speaking virtually at the Morningstar Investor Conference Wednesday when she doubled down on Tesla, referencing its exposure to emerging technologies like artificial intelligence. ARK’s flagship fund, the (ticker: ARKK), outperformed most markets in 2020, with total returns of 152% last year.

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