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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Loads Up $1M In Tesla Shares — And Almost Double In This Chinese EV Rival — On Thursday

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

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

The popular investment management firm bought 1,252 shares — estimated to be worth $1.09 million — in the Elon Musk-led company on the day shares of the company closed 5.09% lower at $876.3 a share.

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