Cathie Wood sells $40 million of megacap tech stock - Cathie Wood, head of Ark Investment Management, often buys stocks when they dip and sells after strong runs. She recently unloaded about $40 million of one of Ark's top holdings as investors grow more wary of a possible tech bubble. Wood ga
Tesla gives fans an early Christmas gift - On the surface, Tesla's $1.35 trillion valuation seems wildly out of whack. As of mid-September, Tesla’s price-to-earnings ratio was between 200 and 209, while its forward P/E ratio was around 140 to 180. For comparison, the average price-t