Soros Finds Another Route to Profit From Tesla's Volatile Stock
- $35 million investment is said to be part of arbitrage play
- Analysts see likely capital raise; Musk doesn’t want to do one
Tesla May Require $10B in Funding by 2020, Says Goldman Sachs
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Bolstered by earnings optimism, battered by missed deadlines, Tesla Inc. shares have bounced around in a price range exceeding $100 already in 2018. To George Soros, it’s a recipe for making money.
Not in the stock, per se, but via convertible bond trades. The hedge fund manager disclosed a $35 million stake in the hybrid securities this week, a position that a person with knowledge of the matter said is part of an arbitrage play designed to harvest volatility.