Aug. 15, 2022, 7:53 a.m. EDT

Tesla and Ford attract new investments from George Soros’s fund

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By Claudia Assis

Billionaire investor George Soros’s investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing stakes in EV makers Lucid Group Inc. and Nio Inc., according to a filing late Friday.

The fund acquired 29.5 million shares of Ford /zigman2/quotes/208911460/composite F -0.34% in the reporting period ended in June, the filing showed. It snapped up nearly 30,000 Tesla shares /zigman2/quotes/203558040/lastsale TSLA +1.78% in a new position as well.

New positions for the fund also included bets on Twitter Inc. /zigman2/quotes/203180645/composite TWTR +2.45% , the social-media company in the middle of a dispute with Tesla Chief Executive Elon Musk over their soured deal.

The Soros fund offloaded some of its holdings in Rivian Automotive Inc. /zigman2/quotes/230726939/composite RIVN +4.19% , however, ending the reporting period with slightly less than 18 million shares, down from a previous holding of around 20 million shares.

See also: Rivian loses nearly $2 billion in second quarter as expenses mount

New stakes for the fund also included Las Vegas Sands Corp. /zigman2/quotes/208792014/composite LVS -1.58% and Uber Technologies Inc. /zigman2/quotes/211348248/composite UBER +2.65% .

The fund sold all of its shares of Bank of America Corp. /zigman2/quotes/200894270/composite BAC +1.08% and Citigroup Inc. /zigman2/quotes/207741460/composite C +0.55% as well as gaming company Take Two Interactive Inc. /zigman2/quotes/204008930/composite TTWO +2.87% , among others.

/zigman2/quotes/208911460/composite
US : U.S.: NYSE
$ 11.43
-0.04 -0.34%
Volume: 26.17M
Sept. 30, 2022 11:36a
P/E Ratio
4.00
Dividend Yield
5.22%
Market Cap
$46.11 billion
Rev. per Employee
$808,891
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/zigman2/quotes/203558040/lastsale
US : U.S.: Nasdaq
$ 272.98
+4.77 +1.78%
Volume: 30.85M
Sept. 30, 2022 11:36a
P/E Ratio
99.07
Dividend Yield
N/A
Market Cap
$840.43 billion
Rev. per Employee
$676,463
loading...
/zigman2/quotes/203180645/composite
US : U.S.: NYSE
$ 43.79
+1.04 +2.45%
Volume: 4.33M
Sept. 30, 2022 11:36a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$32.71 billion
Rev. per Employee
$697,157
loading...
/zigman2/quotes/230726939/composite
US : U.S.: Nasdaq
$ 33.67
+1.36 +4.19%
Volume: 6.24M
Sept. 30, 2022 11:36a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$29.61 billion
Rev. per Employee
$49,319
loading...
/zigman2/quotes/208792014/composite
US : U.S.: NYSE
$ 37.92
-0.61 -1.58%
Volume: 1.94M
Sept. 30, 2022 11:36a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$29.44 billion
Rev. per Employee
$86,197
loading...
/zigman2/quotes/211348248/composite
US : U.S.: NYSE
$ 27.12
+0.70 +2.65%
Volume: 9.28M
Sept. 30, 2022 11:35a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$52.31 billion
Rev. per Employee
$872,014
loading...
/zigman2/quotes/200894270/composite
US : U.S.: NYSE
$ 30.99
+0.33 +1.08%
Volume: 13.32M
Sept. 30, 2022 11:36a
P/E Ratio
9.71
Dividend Yield
2.83%
Market Cap
$246.36 billion
Rev. per Employee
$481,207
loading...
/zigman2/quotes/207741460/composite
US : U.S.: NYSE
$ 42.63
+0.23 +0.55%
Volume: 5.86M
Sept. 30, 2022 11:36a
P/E Ratio
5.47
Dividend Yield
4.77%
Market Cap
$82.32 billion
Rev. per Employee
$374,297
loading...
/zigman2/quotes/204008930/composite
US : U.S.: Nasdaq
$ 111.70
+3.12 +2.87%
Volume: 390,533
Sept. 30, 2022 11:35a
P/E Ratio
73.86
Dividend Yield
N/A
Market Cap
$18.10 billion
Rev. per Employee
$486,454
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