Shulou(Shulou.com)11/24 Report--

According to CTOnews.com news on June 18, Tesla's share price, which took a break for two days after 13 consecutive trading days, rebounded again on Friday, closing up 1.81% at $260.54. Cathy Wood's Ark Investment Management (nicknamed "wooden Sister") took the opportunity to cash in more money.

After selling $98 million worth of Tesla shares on Monday, ARKK and ARKW, two of Mr. Wood's funds, sold another 73113 shares of Tesla on Friday, valued at $19.05 million at the day's closing price. That means Wood's company this week sold Tesla shares for a total of about $117 million (CTOnews.com Note: currently about 834 million yuan).

Cathy Wood may have sold the stock because of the recent rise in Tesla's share price, which has risen nearly 50 per cent in the past month. Wood is unlikely to profit from this, nor does he think that Tesla's stock rally has come to an end. ARK's target price for Tesla's shares is to reach $2000 in 2027, nearly eight times Friday's closing price, meaning the stock will earn an average of about 66 per cent a year between now and mid-2027.

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