Cathie Wood's Ark takes a stake in GM for the first time

Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida.
Marco Bello | Getty Images

Cathie Wood's Ark Investment Management on Monday purchased 158,187 shares of General Motors, marking the Tesla bull's first stake in a Detroit automaker.