Elon Musk, Cathie Wood Continue to Sell Tesla’s Stock, but Can It Pull Off a Reversal?

Elon Musk, Cathie Wood Continue to Sell Tesla’s Stock, but Can It Pull Off a Reversal?
Α Tesla logo is seen on a Tesla car in Berlin's Kreuzberg district on March 15, 2021. David Gannon/AFP via Getty Images
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On Thursday morning, Tesla, Inc. was trending on r/WallStreetBets after the EV company won approval to launch three more of its vehicles in the Indian market. Tesla also released a software update that advises drivers when their tires should be rotated by measuring the remaining tread.

The stock has been pressured recently by both a pullback in the general markets and CEO Elon Musk continuing to sell shares. Cathie Wood-led Ark Invest has been offloading its position in Tesla as well, selling 393,556 shares so far this month.