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Billionaire George Soros Cuts His Ties to Elon Musk
The Street ^ | May 13, 2023 | Luc Olinga

Posted on 05/14/2023 7:34:26 PM PDT by E. Pluribus Unum

What's Tanking Tesla Stock? Billionaire George Soros Cuts His Ties to Elon Musk The famed short seller sold all his Tesla shares in Q1, acquired gradually since the second quarter of 2022. LUC OLINGAMAY 13, 2023 10:52 AM EDT Elon Musk won't see a famous face at the Tesla shareholder meeting being held in Austin, Texas on May 16.

Musk's billionaire peer George Soros, the most famous short seller in the world, won't be attending the Tesla shareholder meeting, since he is no longer a shareholder of the electric vehicle manufacturer as of March 31.

According to regulatory filings, Soros Fund Management, the financier's hedge fund, liquidated all Tesla shares acquired since the second quarter of 2022. The hedge fund had surprised everyone by adjusting its investment strategy in the automotive industry starting that quarter.

(Excerpt) Read more at thestreet.com ...


TOPICS: Business/Economy
KEYWORDS: austin; elonmusk; soros; teslastock; texas; tiescut; x
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To: E. Pluribus Unum

Someone needs their ties with oxygen cut.


21 posted on 05/14/2023 8:15:46 PM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: UNGN

I doubt very much if Soros even got a single Covid shot. The elites laughed when the idiot masses stood in line for jabs.


22 posted on 05/14/2023 8:16:27 PM PDT by laplata (They want each crisis to take the greatest toll possible.)
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To: UNGN

No booster death for him. He got the good stuff.


23 posted on 05/14/2023 8:43:48 PM PDT by joesbucks
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To: UNGN

Is he our Francisco Franco?


24 posted on 05/14/2023 8:45:01 PM PDT by joesbucks
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To: mountainlion

Just consider the source. Pretty good chance it’s a fake without going further.


25 posted on 05/14/2023 8:47:36 PM PDT by joesbucks
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To: laplata

No. They got the good stuff.


26 posted on 05/14/2023 8:48:21 PM PDT by joesbucks
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To: E. Pluribus Unum

Forget the politics for a minute. Consider the fact that the strategic managers of Soros’ hedge fund recognize that EVs in general and Tesla in particular are overhyped. They are still not selling easily to the general market who prefer for many reasons ICE vehicles. GM, Ford and VW cannot sell enough vehicles to make any profit on its huge EV capital investment. Tesla depends on a niche market for its sales. They and Tesla are cutting prices and still can’t move what they produced. Tesla is also overextended and bogged in China. Without access to loans based on its stock value, Tesla would collapse.

The hiring of this WEF cog Yaccarino at Twitter says volumes regarding Musk’s financial difficulties. If Tesla stock declines due to economic realities, he will not be well.


27 posted on 05/14/2023 9:04:15 PM PDT by allendale
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To: allendale

Tesla makes money (a large margin) per vehicle. They are doing just fine. The competition loses money for every vehicle they sell.


28 posted on 05/14/2023 9:10:31 PM PDT by StolarStorm
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To: E. Pluribus Unum

private companies don’t have shares ... elon musk owns twitter lock stock and barrel ... investors made loans to him personally to buy the company ... they did not buy shares in twitter ... the lenders don’t own any part of the twitter ...

this whole article is a complete fake ...


29 posted on 05/14/2023 9:19:21 PM PDT by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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To: No name given

That never has happened to any ultra-rich individual.


30 posted on 05/14/2023 9:46:36 PM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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To: entropy12

Unfortunately.


31 posted on 05/14/2023 9:47:37 PM PDT by No name given (Anonymous is who you’ll know me as)
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To: E. Pluribus Unum

It would be nice if the entire Soros family was liquidated.


32 posted on 05/14/2023 10:17:22 PM PDT by minnesota_bound (Need more money to buy everything now)
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To: minnesota_bound

I would not shed any tears.


33 posted on 05/14/2023 10:38:25 PM PDT by sport
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To: joesbucks

I’m sure.


34 posted on 05/14/2023 10:53:51 PM PDT by laplata (They want each crisis to take the greatest toll possible.)
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To: E. Pluribus Unum

Must be time to buy Tesla stock if Soros was artificially keeping the price down by dumping his shares


35 posted on 05/15/2023 12:05:33 AM PDT by Mozzafiato
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To: George from New England

2. Why wait?


36 posted on 05/15/2023 12:47:21 AM PDT by MadMax, the Grinning Reaper (Figures )
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To: E. Pluribus Unum

cuts his throat was more of what I was hoping for


37 posted on 05/15/2023 1:51:56 AM PDT by ronnie raygun
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To: No name given

His son is already taking the reins. This evil isn’t going to die with a single person.


38 posted on 05/15/2023 4:36:22 AM PDT by momincombatboots (BQEphesians 6... who you are really at war with)
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To: No name given

Sidewinders are anti air. Unless George is in a plane, not likely


39 posted on 05/15/2023 4:59:11 AM PDT by This_Dude
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To: E. Pluribus Unum
Hmmmm... Maybe Soros got mad because Musk out bid him on some of the politicians in DC.. I've heard they're cheaper if you buy them by the dozen..
40 posted on 05/15/2023 5:09:42 AM PDT by unread ("It's not enough that we do our best; sometimes we have to do what's required." W. Churchill.)
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