Cathie Wood's Ark Invest Sells Over $17M in Tesla Shares Amid Q2 Delivery Surge

Ark Invest reduces Tesla holdings despite strong second-quarter performance, reallocates to AI and tech stocks.

Ark Invest sold Tesla shares worth approximately $17.79 million over two days.
Tesla's second-quarter deliveries exceeded expectations, boosting stock prices.
Despite the selloff, Tesla remains Ark's largest holding, making up 14.6% of its portfolio.
Ark Invest increased stakes in Palantir, Archer Aviation, and Intellia Therapeutics.
Cathie Wood projects Tesla's stock could reach $2,600 by 2029, driven by autonomous vehicle ambitions.