Billionaire investor George Soros appeared to remain bullish on Tesla — and some other beaten-down names — as the year came to a close.
Even as shares of Tesla Inc. sank last year, billionaire investor George Soros appeared to find something to like in the electric-vehicle maker — and some other beaten-down names — as the year came to a close.
The... Even as shares of Tesla Inc. sank last year, billionaire investor George Soros appeared to find something to like in the electric-vehicle maker — and some other beaten-down names — as the year came to a close. The move came as more analysts grew frustrated with Tesla’s chief executive, Elon Musk, following his purchase of Twitter in October. Many on Wall Street viewed that acquisition as a distraction from running Tesla, which faces major questions about competition.
However, as Musk prepared to take the reins at Twitter, the filing shows that Soros cashed out his position in the social-media platform during the fourth quarter. Over that time, he also unloaded his position in pandemic-era staple Zoom Video Communications Inc. ZM .The fund acquired more than 83 million shares in fitness-bike maker Peloton Interactive Inc. PTON for a nearly 370% increase in the fund’s stake in the company, a onetime gainer from a surge in at-home workouts during the pandemic.
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