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Cathie Wood, founder and CEO of ARK Investment Management, speaks during the Skybridge Capital SALT New York 2021 conference in New York City, US, September 13 2021. Picture: REUTERS/BRENDAN MCDERMID
Cathie Wood, founder and CEO of ARK Investment Management, speaks during the Skybridge Capital SALT New York 2021 conference in New York City, US, September 13 2021. Picture: REUTERS/BRENDAN MCDERMID

Cathie Wood’s exchange-traded funds (ETFs) sold more Tesla shares, taking the total value of the electric vehicle maker’s stock that Ark Investment Management has offloaded in September to about $266m.

The ARK Innovation and ARK Next Generation Internet ETFs sold more than 81,600 shares in Tesla on Wednesday, according to ARK Investment’s daily trading update. At closing prices, that puts the value at about $62m.

Ark funds have sold more than 350,000 Tesla shares in September so far.

Still, the Elon Musk-led company is their biggest holding, according to data compiled by Bloomberg. Tesla shares have been rebounding since mid-May, gaining about 34% in the period. 

Bloomberg News. More stories like this are available on bloomberg.com

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