Cathie Wood Shifts Focus: Sells Tesla, Buys AI and EV Stocks
TL;DR Summary
Cathie Wood, CEO of Ark Invest, is shifting her investment strategy by selling shares of Tesla and buying into Archer Aviation, a company developing electric air taxis. Wood sold over 800,000 Tesla shares after the company's stock surged following its Q3 earnings report. Archer Aviation, which focuses on electric vertical take-off and landing (eVTOL) aircraft, recently signed a significant agreement with Japan Airlines to potentially purchase up to 100 aircraft, highlighting its potential in urban transportation solutions.
- Cathie Wood Is Selling Tesla and Buying This Other EV Stock That's Under $5. Should You Follow Her Lead? Yahoo Finance
- Cathie Wood Keeps Betting On Amazon's 'Haul' Play: Ark Loads Up $6M Worth Of Shares Benzinga
- Cathie Wood Just Bought More of These 2 AI Stocks 24/7 Wall St.
- Amazon.com Inc (AMZN-Q) Quote - Press Release The Globe and Mail
- Cathie Wood's ARK ETF sheds Palantir, Unity stock, buys Beam, Twist Investing.com
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
2 min
vs 2 min read
Condensed
81%
401 → 77 words
Want the full story? Read the original article
Read on Yahoo Finance