https://www.reuters.com/article/us-investment-funds-soros/meet-teslas-new-bondholder-billionaire-george-soros-idUSKCN1IH017
https://archive.fo/ej6rs
https://archive.fo/ej6rs
The investment firm founded and chaired by billionaire George Soros took a stake in Tesla Inc (TSLA.O) bonds during the first three months of the year, giving the electric carmaker run by Elon Musk a prominent supporter.
Soros Fund Management LLC took a $35 million stake in the convertible bonds of Tesla, which are due in March 2019 88160RAB7=, according to filings with the U.S. Securities and Exchange Commission. A spokesman for Soros did not respond to a request for comment.
The header of this article sums to 507, like 57 when you drop the 0.
This article was published on May 15, 2018 at 5:17 PM. In the 24-hour format, 5:17 PM is equivalent to 17:17 hours.
At the end of March, the Tesla bonds came under severe selling pressure as the luxury automaker faced concerns about its ability to produce its cheaper Model 3 sedan. A crash involving Tesla’s autopilot technology and concerns about the company’s ability to raise new capital also took a toll.
Soros also previously held some Tesla stock, but he sold off his stake last year.
Quarterly disclosures of hedge fund managers’ stock holdings in 13F filings are one of the few public ways of tracking what managers are selling and buying.
The disclosures come 45 days after the end of each quarter and may not reflect current positions.
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