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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Sits Out Tuesday's Dip In Tesla As Stock Loses $126B In Value Amid Musk's Twitter Deal

Popular stock picker Cathie Wood's Ark Investment Management on Tuesday stayed away from buying or selling any shares in Tesla Inc (NASDAQ:TSLA) on the dip, daily trade data from the money managing firm showed. 

Tesla shares plunged lower on Tuesday and reportedly lost $126 billion in value amid investor concerns that CEO Elon Musk may have to sell shares to fund his $44 billion buyout of Twitter Inc (NYSE:TWTR).  

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