Reported 1 day ago
In a significant shift, several billionaire-led hedge funds sold substantial portions of their Apple stocks while increasing their investments in Tesla during the third quarter. Notably, Israel Englander sold 90% of his Apple shares and added to his Tesla position, while Louis Bacon completely exited Apple and purchased Tesla shares. Analysts note that Apple faces regulatory challenges and concerns regarding its valuation, while Tesla is positioned for growth with new affordable models and advancements in autonomous driving technology.
Source: YAHOO