Cathie Wood's Ark Invest has been actively reshuffling its portfolio, with a particularly significant move catching everyone's attention: trimming Tesla holdings. This comes at a pivotal moment when the autonomous vehicle narrative is intensifying. Musk keeps pushing the robotaxi vision and full self-driving capabilities into the spotlight, yet the fund's decision to scale back suggests a complex view on Tesla's trajectory. The move reflects how major investors are recalibrating their exposure as the AI and autonomy story evolves—weighing near-term execution risks against the longer-term potential of these transformative technologies.