The woman is named Cathie Wood.
Patrick T. Fallon is a photographer.
According to a daily trade notification, Ark Invest sold more of the electric car company's stock on Tuesday.
The Ark Next Generation ETFs sold 20,446 shares in the company. Those would be worth about $4.1 million at Tuesday's closing price.
The Ark Next Generation ETF and the Fintech Innovation ETF bought 57,900 shares of Teladoc. These would be worth $3 million at Tuesday's closing price.
In Wednesday's pre-market session, Teladoc was trading lower at $91 per share, whileTesla was higher at $1,095 per share.
After taking a hammering in December, Ark Invest's ETFs haven't had a great year. Wood's flagship fund hasn't done as well as she would have liked in the year ahead, with the Disruptive Innovation ETF down more than 20%, putting it on track for its worst year of performance since launching.
Ark's innovation exchange traded fund returned around 150% last year.
The performance of many of the tech names that Wood's firm invests in began to buckle as central banks signaled their intention to reduce stimulus in response to soaring inflation, which led to the change in tack this year. The uncertainty over the impact of the Omicron variant has been weighing on the market.
Wood said that Ark's funds will double in the next five years.
Many people are saying that the stocks were in a bubble and they deserve to correct that. The founder and CEO of Ark Invest told CNBC that they are not near a bubble.
The 5-year compound annual rate of return expectation has gone from 15% at the peak in March to nearly 40% today, due to the correction in innovation stocks as the market scaled to all-time highs.
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Business Insider has an original article.
