Ark Invest funds have been selling the electric vehicle maker's stock over the last few weeks and reinvesting the proceeds into Amazon.

Tesla should take advantage of its stock’s post-election surge to raise capital by selling shares, a Jefferies analyst says.

Tesla shares fell as much as 7% Tuesday, retreating from their earlier gains as a face of the “Trump trade.” Tesla, recently down about 6.3% on the day, was one of the S&P 500’s biggest gainers in the days after the presidential election was called.