Cathie Wood shocks the market after dumping $12.7 million of Tesla stock to snap up some in General Motors

$Tesla (TSLA.US)$ perma-bull Cathie Wood shocked investors on Tuesday after it emerged she had trimmed her holdings in Elon Musk’s electric vehicle manufacturer to buy stock in legacy rival $General Motors (GM.US)$ .
$ARK Innovation ETF (ARKK.US)$ Wood has become something of a tech industry oracle for retail investors thanks to her early and aggressive bets on disruptive technologies like EVs, and Tesla has traditionally been her top holding.
On Monday, however, the ARK Invest firm she manages as CEO and chief investment officer revealed it had sold 15,862 shares in Musk’s company, worth about $12.7 million, while buying 158,157 shares in GM for nearly $6.1 million, among other portfolio adjustments.