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Actively-managed funds eye Tesla developments

Published 08/13/2018, 07:42 PM
© Reuters.  Actively-managed funds eye Tesla developments
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  • Actively-managed funds would need to secure client approvals to hold Tesla (NASDAQ:TSLA) if the company were to go private, reports Reuters.
  • "Our inclination is that if we could go private with him, we would, but it’s complicated,” said one large Tesla investor.
  • The fund wildcard also adds to the difficulty in gauging how much funding would be needed be Elon Musk to buy out current Tesla holders.
  • Major Tesla holder Fidelity cut its stake during Q2 by 21% to just under 11.2M shares.
  • Now read: Tesla: On The Verge Of Profitability


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