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Cathie Wood’s Ark Investment Management on Wednesday bought more shares in the U.S listed Chinese electric vehicle maker Xpeng Inc (NYSE: XPEV) on the dip and sold more shares in Tesla Inc (NASDAQ: TSLA) amid a profit-booking spree. The popular money managing firm bought 43,100 shares — estimated to be worth $1.91 million — in the Guangzhou, China-headquartered electric vehicle maker that aims to rival Tesla.
...read full article on Benzinga
