Tesla and Ford attract new investment from George Soros’ fund

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Billionaire investor George Soros’ investment fund bought stakes in Tesla Inc. and Ford Motor Co. and added to existing stakes in electric vehicle makers Lucid Group Inc. and Nio Inc., according to a filing Friday night.

The fund acquired 29.5 million shares of Ford F,
+2.21%
in the reporting period ended in June, the filing showed. He scooped up nearly 30,000 Tesla TSLA shares,
+4.68%
also in a new position.

New positions for the fund also included bets on Twitter Inc. TWTR,
+0.73%,
the social media company amid a dispute with Tesla Chief Executive Elon Musk over their soured deal.

The Soros fund has shed some of its stakes in Rivian Automotive Inc. RIVN,
-0.13%,
however, ending the reporting period with just under 18 million shares, down from a previous holding of around 20 million shares.

See also: Rivian loses nearly $2 billion in second quarter as spending surges

New holdings for the fund also included Las Vegas Sands Corp. LVS,
+2.60%
and Uber Technologies Inc. UBER,
+0.71%.

The fund sold all of its shares in Bank of America Corp. BAC,
+1.09%
and Citigroup Inc. C,
+0.70%
as well as video game company Take Two Interactive Inc. TTWO,
+2.05%,
among others.

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