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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Trims Tesla Stake By $94M And Buys More Shares Of This Chinese EV Stock

Cathie Wood-led Ark Investment Management booked more profit in Tesla Inc (NASDAQ: TSLA) on Thursday after the electric vehicle maker's stock surged on a record quarterly profit and strong production outlook. 

The popular money managing firm sold 93,160 shares, estimated to be worth $93.97 million, in the Elon Musk-led company.

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