Cathie Wood sells another $50M in Tesla on Tuesday

Benzinga ·  01/05/2022 21:05  · ETF

Cathie Wood's Ark Investment Management on Tuesday booked more profit in Tesla(TSLA.US), selling 44,132 shares — estimated to be worth $50.7 million based on the latest closing price — in the electric vehicle maker's stock.The Elon Musk-led company's stock, which had risen about 50% in 2021,  closed 4.2% lower at $1,149.6 a share on Tuesday. Tesla shares soared 13.5% on Monday after it reported fourth-quarter delivery volumes that far surpassed expectations. Ark Invest owns shares in Tesla via three of its exchange-traded funds — the ARK Innovation ETF(ARKK.US), the ARK Autonomous Technology & Robotics ETF(ARKQ.US) and the

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