The billionaire hedge fund managers showed a clear preference for Tesla over Amazon in Q3, with significant buying of Tesla shares and drastic selling of Amazon. Louis Bacon increased his Tesla position by 19%, while selling off 76% of Amazon; Ken Griffin increased Tesla by nearly 400% and sold 94% of Amazon; Dan Loeb started new Tesla holdings and also reduced Amazon significantly. This shift indicates strategic realignment among elite investors.
Tesla appears to be overcoming previous operational challenges. After experiencing a decline in deliveries, the company saw a 6% increase recently. Revenue grew by 8% to reach $25 billion, signaling renewed investor confidence. Furthermore, operational adjustments led to a 3 percentage point improvement in margins, showing stronger profitability. As competition increases, Tesla is still adapting and making necessary adjustments to sustain growth in a volatile market.
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