Ark Invest, led by Cathie Wood, executed significant trades, notably involving Tesla (TSLA, Financial) shares. Reports emerged indicating that the U.S. President-elect plans to ease restrictions on autonomous vehicles, resulting in Tesla's stock price surge.
On that day, Ark sold 30,939 shares of Tesla through its flagship Ark Innovation ETF (ARKK), amounting to $10.05 million. Tesla's stock closed with a 5.6% increase, reaching $338.74.
Wood has emphasized Tesla's potential for trillion-dollar revenue in the autonomous vehicle sector. She has previously mentioned that the company capable of transporting people from point A to B in the fastest, safest, and most efficient way will dominate the market.
