Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again.
Tesla(TSLA.O)Chief Executive Officer Elon Musk was named Time magazine's 2021 "Person of the Year" on Monday.
Musk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.
However,Cathie Wood-led Ark Invest on Friday sold more shares in Tesla Inc, continuing to book profit in a stock that remains its largest bet.
Ark Invest sold a total of 28,345 shares — estimated to be worth $28.83 million based on Friday’s closing — in the electric vehicle maker.
Ark Invest sold the shares via the Ark Innovation ETF and the Ark Autonomous Technology & Robotics ETF(BATS:ARKQ) and also holds the stock via theArk Next Generation Internet ETF(BATS:ARKW) on Friday.
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