Cathie Wood's Ark Invest has continued to sell a significant number of Tesla (Nasdaq: TSLA) shares, a move that could raise eyebrows among investors, especially considering her long-standing bullish stance on the electric vehicle maker and her vocal support for Elon Musk.
According to recent trading disclosures, the ARK Innovation ETF sold 97,268 shares of Tesla, while the ARK Next Generation Internet ETF offloaded 27,599 shares of the EV giant. In total, Wood's funds sold 124,867 Tesla shares on Monday, equating to approximately $59.3 million (£44.2 million) based on the latest closing price of $475.31 (£354.80) per share.
