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Benzinga
Benzinga
Business
Rachit Vats

Tesla Bull Cathie Wood Increased Stake in This Warren Buffett-backed Chinese EV Maker On Monday

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. 

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