Tesla Inc TSLA

Consumer Cyclical Recreational Vehicles

Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. The Company's segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty after-sales vehicle services, body shop and parts, paid supercharging, vehicle insurance and retail merchandise. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. The energy generation and storage segment includes the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its lithium-ion battery energy storage products include Powerwall and Megapack.

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Tesla Inc > ARK's Cathie Wood Dumps $100 Million In Tesla This Week

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Comment by DMR001on Sep 15, 2021 5:46pm

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Post# 33866230

RE:ARK's Cathie Wood Dumps $100 Million In Tesla This Week

Although what is being reported (Sale of >$100M of Tesla stock) is correct, the reason as to why the Tesla stock was sold is not well reported. My understanding is that ARK has policies about diversification of its funds. Hence there are upper limits on how much of any particular security can be held. In this case it was necessary to divest some of the Tesla holdings in the funds reported to comply with the diversification policy and hence the selling.

Anyone out there with different information?

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