Tesla, Inc. (NASDAQ:TSLA) shares bottomed at $163.91 on March 13 and have been seeing some upward momentum since then.
Ark’s Back-to-Back Sale: Ark Invest’s Ark Innovation ETF (NYSE:ARKK) and Ark Next Generation Internet ETF (NYSE:ARKW) sold 119,151 and 11,547 shares of Tesla, respectively, on Friday, daily trade information from the company showed.
Friday’s disposals totaled 130,698 shares, valued at $24.98 million.
On Thursday, Ark’s ARKK and ARKW cumulatively sold 139,000 shares valued at $26.8 million. Wood’s firm divested $51.78 million worth of Tesla stock this week.
Read Also: Everything You Need To Know About Tesla Stock
Ark has been a buyer of Tesla shares since the stock’s decline late last year. The last sale by the firm ahead of this past week’s liquidation was in early Sept. 2022.
Tesla is still the top holding of Ark’s flagship ARKK fund, accounting for 10.54% of the portfolio. The stock has a 6.89% weighting in ARKW and is the fund’s fourth-largest holding.
Tesla closed Friday’s session at $190.41, down 0.94%, according to Benzinga Pro data.
Photo: Ark Invest
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
