
Tesla Inc (NASDAQ: TSLA) bull Cathie Wood-led Ark Investment Management on Monday further raised its exposure in BYD Co (OTC: BYDDY), a Chinese electric vehicle maker that has the backing of veteran investor Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B).
The popular investment firm bought 35,000 shares, estimated to be worth $1.92 million, in the Shenzhen-based legacy automotive player that has switched to making electric vehicles and hybrids.