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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood On Why Ark Is Buying Shares In Tesla Chinese Rivals Nio, Xpeng

Cathie Wood NIO Xpeng Tesla Inc. NYSE EV Nio Inc Xpeng Inc XPEV Ark Invest

Popular stock picker Cathie Wood is interested in Chinese electric vehicle stocks Xpeng Inc (NYSE:XPEV) and Nio Inc (NYSE:NIO) because of their “low-margin” feature, CnEVpost reported on Tuesday, citing a Bloomberg TV interview.

What Happened: Tesla Inc (NASDAQ:TSLA) bull Wood last month initiated a position in Nio, a first for the popular investor known who has been building positions in Xpeng and is known for heavy exposure to Elon Musk-led Tesla Inc (NASDAQ:TSLA).

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