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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Trims Tesla Stake By Another $8.2M Amid Elon Musk's Twitter Takeover

Tesla Inc (NASDAQ: TSLA) bull Cathie Wood-led Ark Investment Management sold some more shares in the Elon Musk-led company on a day the billionaire entrepreneur clinched a $44 billion deal to buy microblogging site Twitter Inc (NYSE: TWTR).

The popular money managing firm sold 8,295 Tesla shares, estimated to be worth $8.28 million, based on Monday's closing price.

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