Billionaire trader George Soros lately obtained practically 30,000 Tesla shares, value a lot more than $20 million, for the initial time and greater holdings in other electric powered car or truck corporations, which include Lucid and Nio, in accordance to a Securities and Exchange Commissions document filed on August 12 by his investment workplace, the Soros Fund Management.
Those transactions took put between April and June, the SEC submitting reveals. Through this time period, Soros also opened a new situation in Ford, which started delivering its electrical F-150 pickup truck in Might. The Soros fund procured 29.5 million Ford shares, truly worth more than $27 million, for the duration of the second quarter.
Soros, recognised for his pledge to devote in zero-emission corporations, has invested actively invested in EV companies this calendar year. In the initially quarter, his fund acquired tens of millions of shares in Nio and Lucid for the to start with time, although dumping its whole stake in Normal Motors. For the duration of the exact same time period, he also liquidated shares in Fisker, a Los Angeles-centered EV startup, and Li-Cycle, a lithium-ion recycling business.
