Bridgewater Associates, the hedge fund led by billionaire Ray Dalio, has doubled its holdings in Chinese electric vehicle (EV) companies Li Auto and Xpeng, and significantly raised its exposure to Nio haven completely exited its position in Tesla in the first quarter of the year, according to a report by Benzinga.
Bridgewater Associates, the hedge fund led by billionaire Ray Dalio, has doubled its holdings in Chinese electric vehicle (EV) companies Li Auto and Xpeng, and significantly raised its exposure to Nio haven completely exited its position in Tesla in the first quarter of the year, according to a report by Benzinga.
The report credits regulatory filings for the information that Bridgewater has sold all of the 25,488 shares it held in the Elon Musk’s Tesla in the three months to 31 March. Tesla’s share price traded between $766.40 and $1,199.80 =during that period.
