Cathie Wood Sold Off $21 Million of Tesla Stock Hours Before Earnings Dip — Now She’s Scooping Up This Magnificent Growth Stock

Cathie Wood ranks among the biggest cheerleaders for Tesla (TSLA -1.09%) you’ll find. She predicted earlier this year that the electric vehicle (EV) stock could hit $2,000 per share by 2027. That’s roughly 6.4 times Tesla’s current price.

It might be surprising, therefore, that Wood isn’t buying more Tesla shares. Instead, her Ark Invest exchange-traded funds (ETFs) sold off around $21 million of the stock only hours before Tesla reported its second-quarter earnings and the…