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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Loads Up More Shares In Tesla And This Rival Chinese EV Maker On Wednesday

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

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

The popular stock picker bought 1,931 shares — estimated to be worth $1.74 million— in the Elon Musk-led company’s stock.

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