Ark Invest, led by Cathie Wood, made significant trades on Thursday, involving Tesla Inc.

(NASDAQ:TSLA) and Alibaba Group Holding Ltd.

(NYSE:BABA).

These trades come amid notable market events affecting both companies.

The Tesla Trade On Thursday, Ark Invest's funds, including ARK Innovation ETF (BATS:ARKK), ARK Next Generation Internet ETF (BATS:ARKW), and ARK Space & Defense Innovation ETF (BATS:ARKX), collectively acquired 96,935 shares of the Elon Musk-led company.