Tesla: Ft; Saudi Arabia reduces exposure


Saudi Arabia reduces its exposure to Tesla.
The Saudi Public Investment Fund, with the help of JPMorgan, has ‘protected’ its investment in colossus of electric cars: while still holding 4.9% of Tesla, the Saudi sovereign wealth fund has been covered by the risk of a decline in the prices of the company, at the same time placing a roof to the gains you could make in case i Tesla titles went up.

The Financial Times reports it quoting some sources, according to which the decision to reduce exposure is linked to the plea bargaining of fraud accusations by Elon Musk.


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