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Benzinga
Benzinga
Business
Rachit Vats

Ray Dalio's Hedge Fund Trimmed Tesla Stake In Q4 And Loaded Up More Shares In This Chinese Rival

Tesla Inc. Li Ray Dalio Nasdaq Bridgewater Associates NYSE

Bridgewater Associates, led by billionaire Ray Dalio, trimmed stake in Tesla Inc (NASDAQ:TSLA) in the fourth quarter when shares of the electric vehicle maker soared and the world’s largest hedge fund significantly raised its exposure in the U.S- listed Chinese electric vehicle maker Nio Inc (NYSE:NIO) during the period, regulatory filings show.

What Happened: The hedge fund owned 25,488 shares in the Elon Musk-led Tesla at the end of the fourth quarter of 2021, down 60.4% from 64,466 shares that it held at the end of the third quarter.

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