Tesla stock dropped on Thursday as investors worried that President-elect Trump would end electric vehicle purchase tax credits.That leaves one question for investors: what did you think was going to happen?

After a challenging 2023, Tesla (NASDAQ:TSLA) rebounded with a number of strong earnings reports, causing the stock price to take off again. As we speak, Tesla’s stock price is rocketing higher once again,

Tesla stock is on a winning streak, up for five consecutive days coming into Tuesday’s trading. Shares are down early as investors try to catch their breath following epic gains.

Ark Invest funds have been selling the electric vehicle maker's stock over the last few weeks and reinvesting the proceeds into this US tech giant. The post Why this high-flying investor is selling Tesla shares and buying this US tech stock instead appeared first on The Motley Fool Australia.