Cathie Wood continues multi-million dollar sell-off of Tesla

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The Street

By Ian Krietzberg Tesla’s (TSLA) – Get Free Report billions of outstanding shares are largely owned by institutional and retail investors, though the company’s CEO, Elon Musk, has a nearly 13% stake in the company, worth around $90 billion, according to the Nasdaq. Institutional investors, such as Vanguard and BlackRock, own more than 40% of Tesla’s stock. Among them, Cathie Wood’s Ark Invest, bullish on promises of autonomous tech and artificial intelligence, has been a prominent Tesla shareholder for a long time. Related: Cathie Wood’s favorite tech stock is facing a telling new problem Desp…

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