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BumRushDaShow

(163,373 posts)
Sat Nov 15, 2025, 05:14 AM Saturday

Soros fund goes for this legacy automaker - and sells off Tesla and Rivian stakes [View all]

Source: MarketWatch

Published: Nov. 14, 2025 at 5:57 p.m. ET


Billionaire investor George Soros’s investment fund sold stakes in electric-vehicle makers Tesla Inc. and Rivian Automotive Inc. in the quarter ended Sept. 30 - instead preferring to open a fresh position in legacy automaker Ford Motor Co., according to a securities filing released late Friday.

Soros Fund Management LLC, the investment firm and family office linked to the billionaire philanthropist, also placed a new bet on Walt Disney Co. Soros’s stake in Tesla had been small, but it had sizeable holdings in Rivian of about 35 million shares, worth about $525 million as of Friday.

Investors have grown more skeptical of EV makers as concerns about consumer demand have come front and center.

For Rivian, a lot will be riding on cheaper vehicles that the electric-truck maker hopes to have ready in the first half of 2026. Tesla, meanwhile, has endured criticism for having no immediate plans to bring a fresh model to the market, cheaper or not.

Read more: https://www.marketwatch.com/story/soross-fund-goes-for-this-legacy-automaker-and-sells-off-tesla-and-rivian-stakes-bd53a05b

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