Cathie Wood’s Recent Tesla Stock Sale and Her New AI Stock Investment

Cathie Wood’s Recent Tesla Stock Sale and Her New AI Stock Investment

Cathie Wood’s Ark Innovation fund sold $14 million worth of Tesla stock and used the proceeds to buy shares of artificial intelligence (AI) specialist Palantir Technologies. This continues a trend of selling Tesla shares while still maintaining it as the fund’s largest holding. Wood remains bullish on Tesla’s future prospects, expecting the stock to climb to $2,000 by 2027. Palantir is seen as a promising pure-play AI stock, with strong revenue growth and potential for the AI revolution.