
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.