Cathie Wood trims $11.2 million in longtime favorite stock

Tesla (TSLA) banal has been performing exceptionally good lately.

Shares person surged astir 50% implicit the past six months, driven by optimism surrounding autonomous driving, AI, and the EV giant’s semipermanent maturation prospects.

For most, the rally is simply a confirmation that the worst mightiness beryllium over, contempt the sluggishness successful the company’s underlying business.

That’s precisely what makes Cathie Wood’s latest determination basal out.

Even with Tesla's climb, the ARK Invest brag trimmed positions, selling astir $11.2 cardinal worthy of shares successful a azygous time (Dec. 18).

Naturally, with Tesla being a longtime favourite for Wood, it’s the benignant of determination that sparks instant speculation.

However, selling doesn’t needfully constituent to surrender.

It besides reflects discipline, valuation-related troubles, oregon elemental portfolio absorption pursuing a superb run-up.

Also, Wood isn’t the lone 1 astatine a crossroads.

Wall Street’s presumption of Tesla banal is mostly divided, with optimism implicit AI pitted against concerns implicit margins, execution, and however overmuch the bully quality has already been priced in.

Wood’s ARK Invest sold disconnected 23,110 shares of Tesla, valued astatine astir $11.2 million connected Dec. 18.

The determination fits a signifier that has go wide implicit the past two to 3 months.

ARK’s attack appears to beryllium much akin to presumption sizing and profit-taking pursuing a monolithic rally, alternatively than a alteration successful semipermanent conviction. Tesla remains ARK’s largest holding, adjacent with aggregate cuts implicit the past fewer months.

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The selling has shown up successful chiseled waves:

• Q2 2025 (filed July 30): ARK disclosed 3,077,464 TSLA shares, down 181,294 from Q1.

• Dec. 12, 2025: ARK sold 87,993 shares, valued astatine astir $39.3 million.

• Dec. 15, 2025: Another 124,867 shares were sold, worthy astir $57.3 million.

• Smaller trims connected Nov. 7 (71,638 shares) and Nov. 26 (27,102 shares) reenforce the aforesaid message.

• Tesla: 10.09%

• Shopify: 4.61%

• Roku, Inc.: 4.57%

• Coinbase: 4.27%

• Palantir Technologies: 3.98%

• CRISPR Therapeutics: 3.88%

• Robinhood: 3.71%

• Advanced Micro Devices: 3.49%

• Tempus: 3.41%

• Teradyne: 2.94%
  Source: Cathiesark.com

Tesla has been riding the renewed question of optimism surrounding autonomy and AI, but a sizeable chunk of Wall Street has go a batch much valuation-sensitive.

A batch of it is astir timing and however overmuch of the non-auto upside investors are already paying for astatine this point.