Saudi cuts Tesla investment -Timing stinks

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cynical.ly
Jan 28, 2019 7 Comments

Please tell me this doesn't smell fishy.

According to the Financial Times, the PIF put the hedges in place after the market closed on Jan. 17 with the help of J.P. Morgan bankers. The following day, Tesla announced layoffs and warned of "very difficult" times ahead. Tesla's stock prices has fallen about 15 percent since then.

https://www.cnbc.com/2019/01/28/saudi-arabia-reportedly-cuts-its-tesla-exposure.html

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