Tesla stock has surged nearly 50% over the past six months, driven by optimism surrounding autonomous driving, AI, and long-term growth prospects. ARK Invest boss Cathie Wood recently trimmed positions, selling $11.2 million worth of shares in one day, sparking speculation. Wall Street’s view of Tesla stock remains divided.

Wood’s ARK Invest sold off 23,110 shares of Tesla, valued at nearly $11.2 million on Dec. 18, following a pattern of trimming positions. Tesla remains ARK’s largest holding despite multiple cuts over the past few months.

Tesla stock trades at over 375 times forward earnings, significantly higher than the sector median. Goldman Sachs and Barclays maintain neutral stances, with price targets below the current price. Cautious targets range from $120 to $444.

Tesla remains a significant part of Wood’s ARK portfolio, despite recent trims. Wood believes Tesla’s Robotaxi business could account for 90% of the company’s value in five years. She remains aggressive on autonomy and defends Tesla’s core product edge.

This news was originally published by TheStreet on Dec 20, 2025, in the Investing section. The story highlights the performance of Tesla stock, ARK Invest’s trimming of positions, and the divided views on Tesla stock among analysts and investors.

Read more at Yahoo Finance: Cathie Wood trims $11.2 million in longtime favorite stock