On Thursday, Cathie Wood-led Ark Invest made a series of trades, with the most prominent being the sale of Tesla Inc TSLA shares. Ark Invest sold 85,456 Tesla shares from its ARK Innovation ETF ARKK and ARK Autonomous Technology & Robotics ETF ARKQ, a transaction valued at $22.22 million based on Tesla’s closing price of $260.48 per share. On Thursday, Tesla stock skyrocketed 21.9%. The sale comes amidst Tesla’s surprising third-quarter earnings, which beat estimates and showed improving margins. The electric vehicle giant also shared a strong vehicle delivery outlook for 2025, which was among the highlights for analysts. This information was disclosed during the earnings call, where Tesla CEO Elon Musk shared more details than usual.