Summary
- Bridgewater Associates added over $62 million worth of Tesla stock to its portfolio
- Elon Musk praised the firm’s investment in a post on Twitter
- Bridgewater currently holds 153,589 shares of TSLA, amounting to over $62 million
- Tesla shares gained momentum after Q3 2024 earnings call and the election of Donald Trump
- Bridgewater’s investment in Tesla is seen as a vote of confidence in the company by Musk
Article
In a recent 13-F filing, renowned investor Ray Dalio’s Bridgewater Associates disclosed that it had invested over $62 million into Tesla stock. This investment indicates a significant show of support from one of the largest hedge funds in the world towards the electric vehicle maker. Tesla’s stock had shown positive momentum following its Q3 2024 earnings call and the election of U.S. President Donald Trump, with shares up 62% by the end of 2024, despite a recent drop. Despite this recent decline, Tesla’s stock is still up 88% over the past year.
Bridgewater currently holds 153,589 shares of Tesla, which amounts to $62,025,382. The firm made this investment in the fourth quarter, indicating a strategic move to capitalize on the positive performance of Tesla’s stock. Elon Musk, CEO of Tesla, praised Bridgewater’s decision to invest in the company as a smart move. Musk has consistently expressed his belief that Tesla has the potential to become the most valuable company in the world, and this investment from Bridgewater further solidifies his confidence in the company’s future growth.
Elon Musk’s vision for Tesla’s future success was highlighted during the Q4 2024 earnings call when he mentioned the possibility of Tesla surpassing all other companies in terms of value. Musk confidently stated that there is a path for Tesla to become the most valuable company in the world by a significant margin. He believes that Tesla has the potential to outperform the combined value of the top five companies, showing his unwavering optimism about the company’s growth prospects and market potential.
The fact that Bridgewater Associates, a major player in the investment world, has chosen to invest in Tesla can be seen as a vote of confidence in the company’s future growth and success. This move indicates that highly respected investors like Ray Dalio are bullish on Tesla’s long-term prospects and believe in its ability to outperform the market. Elon Musk’s acknowledgment of Bridgewater’s investment as a smart move further validates the positive sentiment surrounding Tesla and its potential to become a dominant force in the automotive industry.
Overall, Bridgewater’s significant investment in Tesla, as revealed through its 13-F filing, underscores the growing interest and confidence in the electric vehicle maker. Tesla’s strong performance in the past year and its ambitious goals for future growth have attracted the attention of influential investors like Ray Dalio and received praise from industry leaders like Elon Musk. This investment signals a vote of confidence in Tesla’s ability to continue innovating and expanding its market share, positioning the company for further success and potentially becoming the most valuable company in the world.
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