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Among the other notable trades, Cathie Wood sells another $41 million in Tesla on a day when the stock drops by 6 percent.

On Thursday, Cathie Wood's Ark Invest sold 40,861 shares of Tesla Inc, a stock that, despite recent declines, continues to generate profits for the popular money manager, who purchased TSLA shares at far lower prices than they are currently trading.

On Thursday, Tesla shares finished the day at $1003.80 per share, down 6.10 percent from the previous day. So far this year, the stock has gained almost 37.5 percent.

Wood's company, Ark Invest, is a Tesla bull. On Thursday, it purchased shares in the company through three actively traded exchange funds: the Ark Innovation ETF ARKK +0 percent, the Ark Next Generation Internet ETF ARKW -0.06 percent, and the Ark Autonomous Technology & Robotics ETF (BATS ARKQ).

Among the other notable trades, Cathie Wood sells another $41 million in Tesla on a day when the stock drops by 6 percent.

Among the other notable trades, Cathie Wood sells another $41 million in Tesla on a day when the stock drops by 6 percent.

On Thursday, Cathie Wood's Ark Invest sold 40,861 shares of Tesla Inc TSLA +0 percent (Get Free Alerts for TSLA), a stock that, despite recent declines, continues to generate profits for the popular money manager, who purchased TSLA shares at far lower prices than they are currently trading.

On Thursday, Tesla shares finished the day at $1003.80 per share, down 6.10 percent from the previous day. So far this year, the stock has gained almost 37.5 percent.

Wood's company, Ark Invest, is a Tesla bull. On Thursday, it purchased shares in the company through three actively traded exchange funds: the Ark Innovation ETF ARKK +0 percent, the Ark Next Generation Internet ETF ARKW -0.06 percent, and the Ark Autonomous Technology & Robotics ETF (BATS ARKQ).

The three exchange-traded funds (ETFs) held 2.07 million shares, valued at around $2.07 billion, ahead of Thursday's trading.

Following the release of Tesla's third-quarter delivery figures, the company's stock has seen a significant increase in value. The stock's spike in value after months of sluggishness enabled the firm to join the $1 trillion market capitalization club in October as a result of the surge in value.

The stock dropped on Thursday following a new investigation by the National Highway Traffic Safety Administration on a new technology in Tesla vehicles that allows users to play video games while the car is in motion.

However, despite the recent sales, Tesla remains the investment management business's most heavily weighted ETF bet - a stock that the firm thinks will reach $3,000 by the end of 2025.

The following are some other essential trades for Ark on Thursday:

According to estimates, Walt Disney Co DIS +0.04 percent has sold 69,772 shares, with a market value of $10.67 million. The stock ended the day down 0.26 percent, closing at $152.94 per share. This would be Ark Invest's first selling of Disney stock since it initially purchased Disney stock in May of this year.

PayPal Holdings Inc PYPL, was sold for a total of 19,532 shares, which is estimated to be worth $3.75 million. The stock finished the day down 2.84 percent at $191.75 per share.