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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Sold Another $57M In Tesla And Raised Stake In This Chinese EV Rival On Tuesday

Tesla Inc. Cathie Wood BYD Ark Invest Nasdaq Ark Investment Management BYD Co NYSE Warren Buffett

Cathie Wood-led Ark Investment Management on Tuesday booked some profit in Tesla Inc's (NASDAQ: TSLA) stock and raised its exposure in BYD Co (OTC: BYDDY), a Chinese electric vehicle maker backed by veteran investor Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B). 

The popular investment firm sold 52,335 shares, estimated to be worth $57.54 million based on Tuesday's closing price, in Tesla.

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