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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Continues Buying-Spree In Tesla And This Rival Chinese Automaker

Tesla Inc. Cathie Wood Xpeng Ark Invest NYSE Ark Investment Management United States Xpeng Inc XPEV

Cathie Wood-led Ark Investment Management on Tuesday further raised its exposure in Tesla Inc (NASDAQ:TSLA) and the U.S. listed Chinese electric vehicle maker Xpeng Inc (NYSE:XPEV).

The popular stock picking firm bought 7,132 shares — estimated to be worth $6.64 million based on the latest closing price— in the Elon Musk-led Tesla.

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