Cathie Wood-LED ARK Investment Management bought 69,329 shares of Tesla Inc TSLA on Wednesday at an estimated valuation of over $12.6 million based on Wednesday’s close.

The purchase was made through the flagship ARK Innovation ETF ARKK and the ARK Next Generation Internet ETF ARKW.

Also read: How to buy Ark Innovation (ARKK) ETF

Shares of Tesla closed 3.04% lower on Wednesday and are down over 12% over the past month as the February routine battered markets. Year-to-date, however, the stock is still up over 68%. Wood has been consistently buying Tesla stock throughout December and January when the stock fell to levels near $108.

In a recent newsletter, ARK researchers pointed out that Tesla’s vertical integration appears to have given the company an advantage that its less integrated peers will take years — if at all — to replicate.

The National Road Safety Authority called On Wednesday, she will initiate a preliminary investigation into 120,000 Tesla Model Y Vehicles after two reports of falling steering wheels while driving, according to a Reuters report.

The Auto Safety Agency said the steering wheels in both of the low-mileage 2023 model year vehicles were completely loose, according to the report, which added that the vehicles without the retaining screw that secures the steering wheel to the steering column were delivered to the owners.

Other purchase: ARK also bought over 268,000 shares of the financial services company Robinhood Markets Inc HOOD at an estimated valuation of over $2.5 million based on Wednesday’s closing price.

Continue reading: 25% Billionaires Tax, End of Breaks for Big Oil, Crypto: What Biden Reportedly Thinks in Budget Proposal