Stock

These Hedge Funds Made A Killing On Tesla Stock Rally

This is a list of some prominent hedge funds that placed bets on electric car maker Tesla Inc!. in the fourth quarter and enjoyed a massive rally.

Their bets must have bagged them nearly 100% profits over the first six weeks of the year, Assuming they are still holding their positions or they cashed out right at the top.

The positions were revealed in 13F filings with the U.S. Securities and Exchange Commission released on Thursday and Friday, which are one of the few public ways of tracking what hedge fund managers are selling and buying. The disclosures are made 45 days after the end of each quarter and may not reflect current positions.

  1. Billionaire Ray Dalio’s Bridgewater Associates: Bought about 45,000 shares, which would now be worth approximately $36 million.
  2. Viking Global Investors: Bought about 52,000 shares, which would now be worth slightly more than $42 million.
  3. Granite Point Capital: Bought about 3,000 shares , which would now be worth approximately $2.5 million.

Tesla is still the second most valuable car manufacturer in the world, Stock price now presently at $800, and market capitalization of the electric car maker is now about $144.313 Billion, about $53.999B more than Tesla’.

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