as shares of tesla inc tsla declined for the fourth consecutive session on wednesday cathie woodled ark investment management bought over 39000 shares of the ev maker at an estimated valuation of over 7 million the purchase comes as tesla shares faced intense selling pressure this week shares of tesla closed over 7 lower on wednesday after ceo elon musk sold 195 million shares estimated to be worth nearly 4 billion between nov 4 and nov 8 the stock had plunged over 5 on monday and nearly 3 again on tuesday after a recall of 40000 vehicles due to issues with electronic power assist steering also read best online stock broker for beginners however ark has been a big proponent of evs in its weekly newsletter its analysts said evs would capture a much higher market share than previously expected on oct 20 ark bought over 66000 shares of tesla at an estimated valuation of over 13 million the evmaker is the second largest holding of the company’s flagship fund the ark innovation etf arkk with a weight of 843 other buys ark also bought over 148000 shares of zoom video communications inc zm at an estimated valuation of over 10 million the company also loaded up on shares of roblox corp rblx and coinbase global inc coin at an estimated valuation of over 10 million each major sale ark offloaded over 323000 stocks of chipmaker nvidia corporation nvda at an estimated valuation of over 44 million shares of the company have gained over 18 in the last month read next larry summers says have to go back to jfk to find democratic president with 1st midterms going as well as bidens