Saudi Arabia fund dumped nearly all of its Tesla shares in the fourth quarter, filing shows

Saudi Arabia fund dumped nearly all of its Tesla shares in the fourth quarter, filing shows

The Saudi Arabia Public Investment Fund now holds just about 39,000 shares of the stock after selling 99.5% of its holding.. The fund held more than 8.2 million shares by the end of the third quarter of 2019, which would have been worth more than $7 billion at Tuesday's price.. Shares of the electric carmaker soared 20% to above $900 on Tuesday, bringing its 2020 gains to more than 110%.. The selling by the end of fourth quarter means the fund missed out on Tesla's massive rally in the new year..