Cathie Sells Another $22 Million Worth of Shares in Tesla on Tuesday

The Tesla logo is shown on the front of a new Tesla Model S car at a Tesla showroom in Palo Alto, Calif., on Nov. 5, 2013. Justin Sullivan/Getty Images

Cathie Wood’s Ark Investment Management on Tuesday sold 20,446 shares—estimated to be worth $22.3 million—in Tesla Inc.

Tesla shares closed 0.5 percent lower at $1,088.47 a share on Tuesday. The stock is up over 49 percent year-to-date though most of that surge has been seen in the past few months.