Cathie Wood's Ark Invest Continues To Offload Tesla As Elon Musk Moves On From Trump Administration
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Cathie Wood's Ark Invest has made notable trades, including selling 6,511 shares of Tesla from its ARK Innovation ETF amid significant developments for the company. Additionally, Ark Invest purchased shares of 10X Genomics and Intellia Therapeutics from its ARK Genomic Revolution ETF and ARKK fund. The firm also sold shares of 3D Systems Corp. and Adaptive Biotechnologies Corp. from its various funds. These moves come as CEO Elon Musk steps away from his government role.
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