
Valuation bears had another chance to sharpen their claws after Palantir (PLTR) co-founder and a member of the so-called PayPal (PYPL) Mafia, Peter Thiel, reduced his stake by a considerable 76% in his former colleague Elon Musk's company, Tesla (TSLA).
Recent 13F filings revealed that Thiel sold more than 205,000 shares of the EV leader between Q2 2025 and Q3 2025, with the value of the holdings dropping from $86.6 million to $28.9 million. Earlier, Thiel's entire selloff of his Nvidia (NVDA) stake also made headlines as fears around elevated valuations for companies in the AI space get louder.