Is Tesla Stock In For A Pullback Or Will It Continue Its Way Up In Near-Term? It's Robot Vs. Cathie Wood On This One

It's Cathie Wood vs. artificial intelligence when it comes to the stance on $Tesla(TSLA.US)$ near-term performance, with one seeing it as a time to book profit in the Elon Musk-led electric vehicle company’s stock and the other as time to buy.

The Tesla Stock: Tesla stock joined the $1 trillion market cap in October after shares climbed on the back of record third-quarter deliveries and a large order from a rental company.

That valuation dipped under $1 trillion this week as Musk sold more shares. The stock is already down about 15% this month but has held on to its yearly gain and is up about 34% year-to-date.

The billionaire entrepreneur has sold shares worth $13 billion in the past month to pay the taxes on the exercise of options that expire next year.

To Buy Or To Sell? Popular money managing firm Ark Invest, led by Wood, continues to sell shares in Tesla despite the stock’s recent sluggishness, while $Qraft AI-Enhanced U.S. Large Cap Momentum ETF(AMOM.US)$ , an exchange-traded fund driven by artificial intelligence, has picked a new stake in Musk’s company.

Wood, a Tesla super-bull, has sold shares worth over a billion in Tesla since September to book profit. This month alone, Ark Invest has sold 393,556 shares in Tesla, a stock that continues to be its largest bet.

What’s Next?: Tesla continues to be on the growth path and is racing to end the year building nearly half a million electric vehicles in China — its second-largest market outside the U.S. — almost as many as it sold globally last year.

It also has two other Gigafactories under construction — Texas and Berlin — which it aims to have up and running before the end of the year.

Tesla CFO Zack Kirkhorn had in October said the company expects to grow its EV deliveries at an average annual rate of 50% over a multi-year horizon.