You are here: Home » Reuters » News
Business Standard

Meet Tesla's new bondholder: Billionaire George Soros

Reuters  |  NEW YORK 

By Trevor HunnicuttNEW YORK (Reuters) - The investment firm founded and chaired by billionaire George Soros took a stake in Tesla Inc bonds during the first three months of the year, giving the electric carmaker run by Elon Musk a prominent supporter.Soros Fund Management LLC took a $35 million stake in the convertible bonds of Tesla, which are due in March 2019 , according to filings with the U.S. Securities and Exchange Commission. A spokesman for Soros did not respond to a request for comment. Convertibles are hybrid securities, either bonds or preferred stock, that can be exchanged for a ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, May 16 2018. 06:01 IST
RECOMMENDED FOR YOU