The recent sale of all Tesla shares owned by Soros Fund Management has incited a fiery response from Elon Musk, Tesla’s CEO. The transaction came to light after a regulatory filing with the Securities and Exchange Commission (SEC) disclosed that Soros Fund Management had offloaded its entire stake in the electric vehicle company.
Reacting to the sale, Musk took to his social media platform to launch an unexpected attack on the 92-year-old financier, George Soros. In an unprovoked move, Musk compared himself with Magneto, a character from the X-Men comic series. Magneto, like Soros, is a Holocaust survivor and known for his ability to generate and control magnetic fields. Musk did not elaborate on the reasons for this comparison, leaving many to speculate.
Musk’s comments were met with criticism from some, including Brian Krassenstein, a writer and entrepreneur. Krassenstein pointed out that Magneto’s experiences had informed his perspective and instilled a deep sense of empathy in him. He defended Soros, who he said was often unfairly criticized for his philanthropic efforts simply because some Americans disagreed with his political leanings.
In response, Musk claimed that Soros aimed “to erode the very fabric of civilization” and stated that “Soros hates humanity.” Musk did not respond to requests for elaboration on these comments.
George Soros funds the Open Society Foundations, a collection of organizations that support various causes around the world, often with a left-wing perspective.
Tesla’s stock, after the news of Soros’s divestment, has experienced mixed performance. The shares have risen 35% this year but are down 34% over the last 52 weeks. Soros Fund Management also significantly reduced its stake in Rivian Automotive, another EV manufacturer.
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