- The opposite happened, its shares have now surged from $200 to $1000. A x5 return. Musk's personal gain is $13b this quarter, as he opted for $1 salary as CEO.
- Now the twist : Saudi [read MbS] was diversifying its investment from oil to stocks. It purchased Tesla's stock during its down time. And now that stocks have surged it should have gained a lot, right?
News : Saudi's investment fund sold all its Tesla shares by the end of 2019 -- just before this surge started.
- Comments:
- https://www.bloomberg.com/news/articles/2020-02-04/saudi-public-fund-cuts-tesla-13f
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