Kathy Wood sold સ્ક 270 million worth of Tesla shares of Musk

- Kathy's Ark Investments has sold more than 340,000 shares of Tesla

- Kathy Wood's Arc Investment is one of Tesla's leading investors and he predicts its price will reach 000 3000

New York: Kathy Wood has sold ૨૭ 30 million worth of Tesla shares. It has sold more than 250,000 shares of Tesla through its Arc Investment Management Company. It has sold it through three Exchange Traded Funds (ETFs), the firm's daily trading update said. Even so, ARK Innovation ETF has an 11% stake in Elon Musk's company. The company had planned to sell its increased stake in Tesla after its stake rose to more than 10 per cent. Tesla is in a better position than other companies at a time when the rate sensitive investing cycle is hitting the world. Tesla has been Wood's favorite company so far. Kathy's ARKK fund has the largest holding. Kathy predicts that Tesla's share price will rise from the current ૭૭૮ 6 to ૩ 2,000. Yet Arc reduces its stake in Tesla when its investment exceeds a certain extent.

Shares of Tesla have risen 2.4 percent in the month. In comparison, the Nasdaq Index of 100 technology companies fell 4.5 percent. ARKK is down 2.4 percent.

The details of the trading arrangement for the ARK ETF come a day later, but given the ARKK's decline of 7.5 per cent on Tuesday, it is likely to fall further in the last session. Now, even if the company has sold more than ૨૭ 50 million worth of Tesla shares, the daily trading updates only show the steps taken by the Arc team, not reflect the redemption activity seen due to the influx of investors.