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Billionaire George Soros firm sells its entire Tesla stake

  • George Soros' family office, Soros Fund Management, sold its entire stake in Tesla during the first quarter, likely benefiting from the stock's impressive rebound and significant gains.
  • The fund also reduced its holdings in electric-vehicle startup Rivian Automotive and First Horizon Bank, while making new purchases of shares in Walmart, Netflix, and Chinese e-commerce company JD.com.
  • Tesla's stock saw a 68% surge in the first quarter, driven by a broader rally in the technology sector, although it has since moderated its gains to approximately 37% year-to-date.

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