On Friday, Tesla shares closed up 1.32% to $1,017.03, and "Wooden Sister" Cathie Wood sold 28,345 shares of Tesla worth about $29 million that day.
As of Friday's close, Tesla's holdings in the Ark Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW) fell to 8.29% and 9.26%, respectively, both below the 10% threshold, but at ARK Autonomous Technology & Robotics ETF (ARKQ), it still accounts for 10.8% of the portfolio.
Cathie Wood, the "wooden sister", has been dumping Tesla to cash in some profits since September, and her funds have collectively sold more than $3 billion in Tesla stock.
Still, Tesla is still the biggest bet of "Sister Wood". She went on to reiterate last week that Tesla's long-term stock price could reach $3,000.
Since the beginning of this year, ARK Innovation ETF and ARK Next Generation Internet ETF have fallen by 22.87% and 13.96% respectively, and ARK Autonomous Technology & Robotics ETF has increased by 2.21%.
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![Musk and Zuckerberg are dumping stocks at a historic pace — should you be worried?[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)