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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Trims Stake In This Warren Buffett-Backed Automaker And Laps Up Another $5M In Tesla

Cathie Wood Warren Buffett BYD Elon Musk Ark Invest Ark Investment Management BYD Co BYDDY NYSE electric vehicle

Cathie Wood-led Ark Investment Management on Monday sold shares in Chinese electric vehicle maker BYD Co (OTC: BYDDY) for the first time in nine months and scooped up more shares in Elon Musk-led Tesla Inc (NASDAQ: TSLA).

St. Petersburg, Florida-based Ark Invest sold 80,725 shares, estimated to be worth $6.17 million on their last closing price, in Shenzhen-headquartered BYD. 

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