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23 Mar, 2023

ARK sells $27m Tesla stock, buys Coinbase

ARK Investment ManagementCathy WoodTesla Inc.Stock purchaseStock sale0 Comments

ARK Investment Management’s Cathy Wood sells off $26.84 million of Tesla (TSLA) stock, at a closing price of $192.22, buying shares of Coinbase (COIN) instead. For a total of 139,642 TSLA shares, Wood’s firm sold 119,630 from its ARK Innovation ETF (ARKK) and 20,012 from the ARK Next Generation Internet ETF (ARKW).