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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Cuts Another $32M From Tesla Stake — Initiates Position In This Legacy Automaker Instead

Cathie Wood GM NYSE ARK Ark Invest Ark Investment Management General Motors Co Detroit

Cathie Wood-led Ark Investment Management on Monday scooped up shares in General Motors Co (NYSE: GM), the money management firm's first-ever buy in a Detroit-based automaker.

The stake purchase also comes a month after Wood said she had an open mind on the legacy automaker.

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