{"id":52794,"date":"2023-06-21T09:03:48","date_gmt":"2023-06-21T13:03:48","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=52794"},"modified":"2023-06-21T09:05:03","modified_gmt":"2023-06-21T13:05:03","slug":"cathie-wood-sells-tesla-shares-elon-musk-meets-indian-pm","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cathie-wood-sells-tesla-shares-elon-musk-meets-indian-pm\/","title":{"rendered":"Cathie Wood sells Tesla shares: Elon Musk Meets Indian PM"},"content":{"rendered":"\n

Prior to Elon Musk's<\/a> meeting with Indian Prime Minister Modi, Cathie Wood's firm, Ark Invest, liquidated its Tesla stock holdings.<\/p>\n\n\n\n

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Cathie Wood sells Tesla shares: Elon Musk Meets Indian PM<\/figcaption><\/figure>\n\n\n\n

Tuesday, Ark Invest, led by Cathie Wood, liquidated significant Tesla stock holdings in response to the EV giant's eight-month highs and roughly 28% increase in June. The investment management firm sold 31,500 Tesla shares, valued at $8.6 million.<\/p>\n\n\n\n

The firm of Cathie Wood, Ark Invest, liquidated its Tesla stock holdings one day before Elon Musk met with the Indian Prime Minister to invest in the Asian nation.<\/p>\n\n\n\n

Tesla Shares Gain More Than 5%<\/h2>\n\n\n\n

In the past month, Tesla's stock price has increased 45.31 percent, resulting in a gain of over 5 percent yesterday. At the time of writing, Tesla shares are trading at $274, representing a pre-market increase of 5.34 percent. <\/p>\n\n\n\n

Ark Investment has been on a recent selling rampage as it continues to generate enormous profits from Tesla shares.\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> During last year's downturn in Tesla's stock price, Ark made significant purchases.<\/p>\n\n\n\n

Cathie Wood's investment management firm sold 73,113 Tesla shares on June 16 for approximately $19.05 million. Cathie Wood has been an outspoken supporter of Tesla for years, predicting that the electric vehicle company will soon be worth a trillion dollars.<\/p>\n\n\n\n

Musk meets Indian Prime Minister<\/h3>\n\n\n\n

During his tour of the United States, Indian Prime Minister Narendra Modi<\/use><\/svg><\/span><\/a> met Elon Musk to discuss the future of Tesla in India. Musk stated after meeting the Indian prime minister:<\/p>\n\n\n\n

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\n
\n

\u201cPM Modi really cares about India because he is pushing us to make significant investment in India, which is something that we tend to do. We just have to figure out the right timing.\u201d<\/em><\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n\n\n\n

Elon Musk has sought to extend Tesla factories in India and China, among other Asian nations. Musk, when discussing his intentions to expand Tesla to India, stated, \u201cI am confident Tesla will be in India and will do so as soon as humanly possible.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Prior to Elon Musk’s meeting with Indian Prime Minister Modi, Cathie Wood’s firm, Ark Invest, liquidated its Tesla stock holdings. Tuesday, Ark Invest, led by Cathie Wood, liquidated significant Tesla stock holdings in response to the EV giant’s eight-month highs and roughly 28% increase in June. The investment management firm sold 31,500 Tesla shares, valued […]<\/p>\n","protected":false},"author":53,"featured_media":52798,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5603,5791,14969,2292],"class_list":["post-52794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-elon-musk-2","tag-tesla-2","tag-tesla-shares","tag-cathie-wood"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/china.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=52794"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/52798"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=52794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=52794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=52794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}