Billionaire investor George Soros’s funding fund has purchased stakes in Tesla Inc. and Ford Motor Co. and added to current stakes in EV makers Lucid Group Inc. and Nio Inc., in accordance with a submitting late Friday.
The fund acquired 29.5 million shares of Ford
within the reporting interval led to June, the submitting confirmed. It snapped up practically 30,000 Tesla shares
in a brand new place as effectively.
New positions for the fund additionally included bets on Twitter Inc.
the social-media firm in the midst of a dispute with Tesla Chief Govt Elon Musk over their soured deal.
The Soros fund offloaded a few of its holdings in Rivian Automotive Inc.
nevertheless, ending the reporting interval with barely lower than 18 million shares, down from a earlier holding of round 20 million shares.
See additionally: Rivian loses practically $2 billion in second quarter as bills mount