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George Soros and Elon Musk
George Soros and Elon Musk
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Politics

George Soros Liquidates Tesla Shares, Cuts Ties With Elon Musk

George Soros cut ties with Elon Musk

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Billionaire investor George Soros has reportedly cut ties with Elon Musk by liquidating all of his shares in Tesla according to a new report.

Regulatory filings show that Soros Fund Management, the hedge fund owned by the financier, sold off all Tesla shares acquired since the second quarter of 2022 according to TheStreet. That publication notes that “It is unclear what prompted Soros to sell all of his Tesla position,” and it is possible Soros’ oddly timed stock purchases resulted in massive losses.

Soros’ move comes as a surprise to investors, especially considering his investment strategy in the automotive industry had been adjusted starting in the second quarter of last year. While it is unclear what prompted Soros to sell all of his Tesla position, TheStreet notes the company’s stock price rebounded significantly in the first three months of 2023, rising 68.4% after publishing stellar financial results on Jan. 25.

George Soros

World Economic Forum / Flickr

Despite this strong rebound, Soros’ investment in Tesla likely generated modest returns at best, and abysmal losses at worst, according to the outlet.

It is also worth noting that Soros’ large purchases of Tesla stock happened while Musk was in a protracted business feud with Twitter’s former management and shareholders and sold his stock after Musk acquired the social media platform.

In the best-case scenario, the sale would have netted him $3.8 million, assuming he acquired shares at the lowest possible prices in the second, third, and fourth quarters of 2022 and sold them at the highest price in the first quarter of 2023. However, in the average scenario, Soros lost $9.8 million, while in the worst-case scenario, he lost $26.2 million.

Musk sitting on a stage with another man

Elon Musk at a TED Talk in 2017 (Steve Jurvetson / Flickr)

It remains unknown why Soros chose to sell off his Tesla shares, especially given the company’s recent success. It is possible that he simply decided to cut his losses and move on to other investments, or that he sees more potential for growth in other industries.

The controversial financier’s apparent decision to cut ties with Musk may assuage the concerns of some conservatives provoked by Musk’s latest hire, Linda Yaccarino, a member of the World Economic Forum who has far left political views and reportedly favors censorship.

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Analise Morrow
Written By

Analise is a conservative from the United States who writes under a pseudonym to keep the radical left at bay.

11 Comments

11 Comments

  1. Avatar

    Lionel

    May 15, 2023 at 8:12 am

    “The controversial financier’s apparent decision to cut ties with Musk may assuage the concerns of some conservatives…”

    Alise. You are being had and you dont know it. This story was spoonfed for a purpose as another of many false flags and you took the bait. Musk is a horriric fake. He is friends with Murdoch and even sat with him at Superbowl to plot the media death a huge WEF enemy, Tucker Carlson. I have no proof of that but I do know that the media created the richest man in the workd so it is them, the Atheist Jews like Soros and Schwab, he answers to. Linda will assure Tucker says only the approved propoganda.

    • Avatar

      Jen

      May 15, 2023 at 1:26 pm

      You are right. Musk isn’t your friend and neither is Tucker. They are not your savior. Too late to spoon feed the clueless..

  2. Avatar

    BRS

    May 15, 2023 at 9:08 am

    Why is Soros still alive????

    • Avatar

      Pittsburgh

      May 15, 2023 at 12:19 pm

      he wouldn’t be if I had it my way, If I were in charge, he would be on top of my ____-list right there in Iran’s Gen Soleimani spot after that name was ‘checked off’ as mission complete

    • Avatar

      John Holmes

      June 24, 2023 at 12:10 pm

      Because money has no morals, political boundaries.
      It’s a tool that can make good or bad things happen, depending on the observer.
      He is alive because he has R.H.I.P(Rank Has Its Privileges)

  3. Avatar

    RAH

    May 15, 2023 at 10:44 am

    Soros is one of the most evil men to ever live. How can the democrats work with him.

    • Avatar

      Plato v2.0

      May 15, 2023 at 12:43 pm

      Soros is one of the most evil men to ever live. How can the democrats work with him.

      There are TWO KEY words in your statements, evil and democrats. That should give you your answer.

  4. Avatar

    Plato v2.0

    May 15, 2023 at 12:47 pm

    If you ask me ol’ Georgie boy sold the Tesla stock because he didn’t have enough liquid assets to cover his purchase of that left wing, loony bin web site or video service. He gave like 400 billion for it.

  5. Avatar

    CPO Bill

    May 15, 2023 at 3:25 pm

    Find and Terminate that commie piece of schiff!

  6. Avatar

    Recognizing Truth

    May 17, 2023 at 5:36 pm

    Elon will do just fine without Satan’s investment in his company.

  7. Avatar

    Diaz

    May 17, 2023 at 5:43 pm

    If Mr. Soros gets wacked, I will be Elon’s alliby.

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