You either love Tesla or you hate Tesla. Regardless of what camp you are you in, Tesla, like Apple has a huge fan base. Tesla, like Apple is a cult, with a cult following. Tesla, like Apple is a Rockstar.
However, the Smart Money is starting to leave the concert because the music is no longer music to their ears.
Hedge funds like Millennium Management LLC and DE Shaw & Co. trimmed their exposure to Tesla Inc. just before the company’s latest drop during the second quarter wiped out roughly $16 billion in market value.
The pair of funds sold close to 850,000
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