Fidelity and T. Rowe Price, two of Tesla’s largest investors, each cut their stakes by more than 20 per cent in the second quarter, according to 13F filings.
T. Rowe cut its holdings to 11.9 million shares, and Fidelity went down to 11.2 million shares at the end of June. That was before CEO Elon Musk dropped his bombshell last week that he might take the company private.
Investors have been wondering whether mutual fund giants will stick with the company if it does indeed leave the public market.
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