Tesla's Stock Drops as Investors Shift Focus
Update: 2025-12-31
Description
Tesla shares plummeted over three percent on Monday, following Cathie Woods significant stake reduction. Wood, the Ark Invest boss, sold off thirty million dollars worth of Tesla stock, shifting it into gene-editing companies and autonomous mobility plays. Teslas former board member, Steve Westley, warned of potential challenges, noting Teslas lag behind Waymo in robotaxi operations and its sky-high valuation, trading at nearly four hundred thirty times forward earnings. Westley predicts a second straight year of falling sales and shrinking profits for Tesla, causing some retail investors to reconsider their bets on the electric vehicle giant. Checkout Solipillow.com
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