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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Trimmed $40M From Tesla Stake On Thursday

Cathie Wood Tesla Inc. Ark Invest Nasdaq ARK Ark Investment Management NYSE

Cathie Wood-led Ark Investment Management on Thursday sold 37,551 shares in Tesla Inc (NASDAQ:TSLA), estimated to be worth $40.46 million based on Thursday's closing price.

The Elon Musk-led company’s stock closed 1.5% lower at $1,077.6 a share on Thursday and is down about 10.2% year-to-date. 

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