Cathie Wood and her Ark Invest firm continued selling their Tesla (TSLA) stock holdings, unloading more than 76,000 shares Thursday. Meanwhile, Elon Musk announced Friday new details about his proposed cage match fight with Meta (META) chief Mark Zuckerberg.
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Cathie Wood’s ARK Investment Management sold 76,425 shares of Tesla Thursday for about $18.75 million, based on TSLA’s closing price of 245.34, according to the company’s daily trade disclosure.
Wood’s ARK Innovation ETF (ARKK) and ARK Autonomous Technology and Robotics ETF (ARKQ) both sold Tesla stock on Thursday.
As of Aug. 11, Tesla remains the top holding in the ARK Innovation ETF with a 10.67% weight. Tesla also ranks first for ARK Autonomous Technology and Robotics ETF, with a 12.98% weight. The EV giant is fifth in the ARK Next Generation Internet ETF (ARKW), at 6.27% weight.
Tesla stock lost 1.5% to 241.73 in…
