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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Laps Up $16M In Tesla, Marking 2nd Straight Buy As Stock Slumps Another 7%

Cathie Wood Elon Musk Ark Invest Nasdaq NYSE Tesla Inc.

Cathie Wood-led Ark Invest scooped up more shares in Tesla Inc (NASDAQ:TSLA) on Tuesday, a day after the money managing firm resumed buying shares in the Elon Musk-led company. The stock has plunged 37% in a month in the backdrop of production issues in China and the billionaire entrepreneur’s bid to buy Twitter Inc (NYSE:TWTR) for $44 billion.

The popular money managing firm bought 26,081 shares — estimated to be worth $16.38 million— in the Austin, Texas headquartered electric vehicle maker.

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