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flag Cathie Wood sells Tesla shares, invests in electric air taxi company Archer Aviation.

flag Cathie Wood, CEO of Ark Invest, has been selling Tesla shares and investing in Archer Aviation, a company developing electric air taxis. flag Wood has sold over 800,000 Tesla shares since October, reinvesting in Archer Aviation to rebalance her portfolio. flag This move does not necessarily signal a preference for Archer over Tesla, but rather an investment in another emerging electric vehicle company.

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