Ark Invest Sells Over $22 Million in Tesla (TSLA) Shares Again

Published: Friday, October 25, 2024 · 5:40 PM | Updated: Friday, October 25, 2024 · 5:40 PM

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Ark Investment Management, led by Cathie Wood, has once again reduced its holdings in Tesla (TSLA, Financial) after a similar move in July. The company disclosed that its Ark Innovation ETF sold 77,513 shares of Tesla, equating to approximately $20.19 million based on Tesla’s recent closing price of $260.48 per share. Additionally, the Ark Autonomous Technology & Robotics ETF sold 7,943 Tesla shares, amounting to around $2.07 million.