Cathie Wood Keeps Selling Tesla Stock As $7,500 Tax Credit For Model 3 Likely Gone

News Snapshot:

Tesla (TSLA) confirmed this week that its Model 3 will likely no longer be eligible for the full tax credit under Inflation Reduction Act (IRA) at the beginning of 2024. Meanwhile, Cathie Wood and her Ark Invest sold nearly 70,000 TSLA shares through Wednesday this week. Tesla stock edged down a fraction early Thursday. X As of Thursday morning, the EV giant has a banner on its website declaring there is a "strong likelihood" the IRA tax credit for its Model 3 vehicles will be reduced to $3,750 after Dec. 31. The Tesla Model 3 trims currently are eligible for...