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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Trims $3M From Tesla Stake And Snaps Up More Shares In This Chinese EV Maker

Cathie Wood Tesla Inc. BYD Ark Invest ARK Ark Investment Management Nasdaq NYSE

Cathie Wood-led Ark Investment Management on Wednesday trimmed its stake in Tesla Inc (NASDAQ: TSLA) and scooped up more shares in BYD Co (OTC: BYDDY), the 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 2,978 Tesla shares, estimated to be worth $3.25 million based on Wednesday's closing price.

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