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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Buys $39.5M In Tesla Shares On Monday — Also Loads Up In This Chinese EV Rival

Tesla Inc. Cathie Wood Xpeng Ark Invest NYSE Ark Investment Management Xpeng Inc

Cathie Wood-led Ark Investment Management on Monday further raised its exposure in Tesla Inc (NASDAQ:TSLA) and Xpeng Inc (NYSE:XPEV), doubling down efforts in buying shares of the two electric vehicle companies despite their stocks' sluggishness. 

The popular money managing firm bought 42,124 shares — estimated to be worth $39.45 million based on the latest closing price— in Tesla.

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