MW Cathie Wood's ARK sold Tesla to buy Zoom after earnings
Cathie Wood's ARK funds sold Tesla $(TSLA)$ to increase their stake in Zoom Video Communications (ZM)after the poorly received results by the video communications company. In the flagship Ark Innovation ETF $(ARKK)$, the fund sold $136 million of Tesla shares while buying $112 million of Zoom. In the ARK Next Generation Internet ETF (ARKW), the fund sold $23 million of Tesla to buy $22 million of Zoom.