Cathie Wood's Sky-High Vision: Dumps Shares Of Cybercab Touting Tesla For This eVTOL Play

Cathie Wood's Ark Invest sold $8.6 million in Tesla shares and invested $7.79 million in Archer Aviation on October 29, 2024. The sale involved 13,896 Tesla shares, following strong earnings reports. In contrast, Ark purchased 830,130 shares of Archer, reflecting confidence in the eVTOL market, especially after the FAA's new regulations for powered lift aircraft. Additional trades included selling Robinhood shares and buying Meta and Illumina shares.