Saudi Arabia's wealth fund sold nearly all its Tesla shares before the 112% rise

Posted by bgrynol on Wednesday February 05, 2020 @04:09PM
from the markets.businessinsider.com dept.

https://markets.businessinsider.com/news/stocks/tesla-stock-saudi-arabia-sells-shares-wealth-fund-before-surge-2020-2-1028877618

( 3 comments | 10 points | on HN )

Re:Saudi Arabia's wealth fund sold nearly all its Tesla shar... by naveen99 on Wednesday February 05, 2020 @08:18PM (#22252635)

I guess these sovereign wealth funds are the real whales on the markets. I wonder if China could have a sovereign wealth fund invest in us companies... or the us can literally just buy the stock market of a country as economic warfare.

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Re:Saudi Arabia's wealth fund sold nearly all its Tesla shar... by JohnFen on Wednesday February 05, 2020 @07:25PM (#22252327)

Since Tesla's share price suddenly fell by 20% today, this may be a premature declaration.

https://www.cnn.com/2020/02/05/business/tesla-stock-falls

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Re:Saudi Arabia's wealth fund sold nearly all its Tesla shar... by maroonedanchor on Wednesday February 05, 2020 @08:46PM (#22252778)

While it did lose a decent chunk today, it is still up over 70% year to date. But certainly enjoy the Bloomberg article reminding Tesla of gravity:

https://www.bloomberg.com/news/articles/2020-02-05/musk-lose...

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