Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Sells $66M In Tesla Stock On Earnings Day

Cathie Wood-led Ark Investment Management lowered exposure to Tesla Inc (NASDAQ: TSLA) on Wednesday when its stock fell in regular trading hours and piled up more shares in the cryptocurrency-linked fintech Coinbase Global Inc (NASDAQ: COIN) on the dip.

The popular money managing firm sold 67,884 shares, estimated to be worth $66.3 million, in the Elon Musk-led electric vehicle company.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.