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George Soros Takes $35 Million Stake in Tesla Bonds, Buys Amazon, Netflix Shares

Daniel Liberto

Hedge fund titan George Soros threw his support behind Tesla Inc.’s ( TSLA) bonds when they were being heavily shorted. The billionaire’s investment firm Soros Fund Management LLC took a $35 million stake in the electric automaker’s convertible bonds in the first three months of 2018, according to SEC filings. The bonds, which can be converted into a predetermined number of common shares, giving investors the ability to choose between profiting from stock price changes or earning a steady fixed-income yield, are due to expire in March 2019.