Dow, S&P 500 fall with Disney; PacWest leads regional banks lower
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Soros exits Tesla (TSLA), reduces Rivian (RIVN) stake after 90% drop from peak
May 15, 2023 8:50 AM EDTSoros Fund Management, the family office of George Soros, cut its holdings in Rivian Automotive (NASDAQ: RIVN) following the electric automakers 90% share decline from its intraday peak in November 2021. The billionaire also slashed its $16 million stake in Tesla (NASDAQ: TSLA), effectively eliminating their investment in the EV giant.
Soros purchased... More
