Cathie Wood – the founder and chief executive of Ark Invest – has trimmed her exposure to Tesla (TSLA) shares ahead of the company’s much-anticipated launch of robotaxi services in Austin, tentatively slated for June 12.
Wood is a known proponent of TSLA shares and has previously argued that they could even hit $2,600 by the end of this decade – representing a more than 7x increase from current levels.
