Billionaire investor George Soros' fund dumped its entire Tesla stake in the first quarter - cashing out on the EV's maker's 2023 rebound

Mon, 05/15/2023 - 05:54

Billionaire investor George Soros' family office dumped its entire stake in Tesla during the first quarter of 2023.
Soros Fund Management likely enjoyed gains from the EV stock's 68% surge in the January-March period.
The fund also reduced its exposure to First Horizon Bank amid the banking turbulence.

George Soros' family office cashed out on Tesla's impressive stock-market rebound this year by selling its entire stake in the first quarter, according to a 13F filing published Friday.