Cathie Wood Is Selling Tesla and Buying This Other EV Stock That's Under $5. Should You Follow Her Lead?

As the CEO of Ark Invest, Cathie Wood has made a name for herself thanks to her strong conviction in exciting technologies and high-profile investments in emerging companies looking to disrupt the status quo.Wood was an earlier supporter of electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA), often touting the prospects of autonomous driving and the role artificial intelligence (AI) could play in the company's roadmap before it was fashionable. But recently, Wood has been reducing her stake in Tesla and reinvesting profits in another EV player, Archer Aviation (NYSE: ACHR), which is developing electric air taxis.Below, I'm going to break down Wood's various moves and detail what's really going on here. There's a lot to digest and more than meets the eye with Wood's swap for Archer. Let's dig into the details.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool