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Soros Fund Management, the family office of George Soros, sells its entire stake in Tesla. This includes stock as well as $35 million of convertible bonds. Soros bought the bonds in 2018 and the stock in 2022. When he purchased the latter, Tesla shares averaged $274, but at the time of sale they average just […]
ARK Investment Management’s Cathy Wood sells off $26.84 million of Tesla (TSLA) stock, at a closing price of $192.22, buying shares of Coinbase (COIN) instead. For a total of 139,642 TSLA shares, Wood’s firm sold 119,630 from its ARK Innovation ETF (ARKK) and 20,012 from the ARK Next Generation Internet ETF (ARKW).
Regulatory filings show Musk sold nearly $4 billion worth of Tesla shares, bringing his total sold since April to $19 billion. He sold $7 billion in August. These three most recent blocks of Tesla stock sales represent only 4% of the shares that Musk owns outright through a trust, and less than 3% of his […]
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