- Reuters
Bridgewater piled into Mag Seven stocks in Q1 but spurned Tesla - filings
Bridgewater Associates piled into six of the so-called Magnificent Seven megacap U.S. stocks in the first quarter, making an $800 million bet on Google-parent Alphabet while avoiding struggling shares of electric car-maker Tesla, securities filings showed. The hedge fund founded by legendary investor Ray Dalio ended March with 5.4 million shares of Alphabet worth $810.3 million at the end of the first quarter, more than doubling its stake in the company since December.
- Investor's Business Daily
Magnificent Seven Stocks: Nvidia Stock Rallies Above New Buy Point, Tesla Slides
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the early part of the second quarter of 2024 showed a big divergence of returns.
- Barrons.com
Tesla Stock Drops After 2 Days of Big Gains. Here’s What Is Denting the Shares.
Tesla shares were down 1.6% at $174.80 in midday trading, while the and were up 0.8% and 0.9%, respectively. The Monday and Tuesday wins got back roughly three-quarters of the loss from the previous week, when Tesla stock fell 7%. Wednesday’s decline also comes as Reuters reported CEO Elon Musk fired the entire supercharging team after team leader Rebecca Tinucci pushed back against deep job cuts.
