Cathie Wood enters GM as she further cuts Tesla stake

Cathie Wood’s Ark Invest has made its first investment in General Motors GM,
according to statements made by the company.

The purchase of approximately $6 million for the ETF ARK Autonomous Technology & Robotics ARKQ,
was the largest buy order placed on Monday, such as the ARK Next Generation ETF ARKW,
sold Tesla and flagship Ark Innovation ETF ARKK for around $21 million,
sold some $13 million worth of Tesla stock.

GM is seeking approval from the National Highway Traffic Safety Administration to put a driverless electric vehicle into commercial service.

is still the first position of stand-alone innovation and technology funds, and the second position of the Internet fund.

The innovation fund has fallen 67% from its June highs.

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