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2021-12-29

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Cathie Sells Another $22M Worth Of Shares In Tesla On Tuesday

Cathie Wood’s Ark Investment Management on Tuesday sold 20,446 shares — estimated to be worth $22.3

Cathie Sells Another $22M Worth Of Shares In Tesla On Tuesday

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The stock is up over 49% year-to-date though most of that surge has been seen in the past few months.</p>\n<p>The St. Petersburg, Florida-based Ark Invest on Tuesday sold Tesla shares via the&nbsp;<b>Ark Innovation ETF</b>, the&nbsp;<b>Ark Next Generation Internet ETF</b>&nbsp;and the&nbsp;<b>Ark Autonomous Technology &amp; Robotics ETF</b>(BATS:ARKQ).</p>\n<p>The popular money managing firm counts Tesla as its largest holding, a stock it predicts would hit the$3,000 mark by the end of 2025. Ark Invest owns shares worth billions in the company via its exchange-traded funds.</p>\n<p>The three ETFs held 1.84 million shares worth about $2.01 billion in Tesla ahead of Tuesday’s trade.</p>\n<p>Ark also bought 151,508 shares — estimated to be worth $4.13 million – in&nbsp;<b>DraftKings Inc</b>&nbsp;on the dip on Tuesday. The DKNG stock closed 3.12% lower at $27.32 a share on Tuesday.</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152996002","content_text":"Cathie Wood’s Ark Investment Management on Tuesday sold 20,446 shares — estimated to be worth $22.3 million — in Tesla Inc.\nTesla shares closed 0.5% lower at $1,088.47 a share on Tuesday. The stock is up over 49% year-to-date though most of that surge has been seen in the past few months.\nThe St. Petersburg, Florida-based Ark Invest on Tuesday sold Tesla shares via the Ark Innovation ETF, the Ark Next Generation Internet ETF and the Ark Autonomous Technology & Robotics ETF(BATS:ARKQ).\nThe popular money managing firm counts Tesla as its largest holding, a stock it predicts would hit the$3,000 mark by the end of 2025. 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