Billionaire Tesla Whale Is Reducing Bet That Made Him Rich
- ‘No longer all-in on Tesla,’ Leo KoGuan posted on X Saturday
- Tesla shares are bulk of retail holder’s $13.5 billion fortune
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Leo KoGuan, one of Tesla Inc.’s largest individual shareholders, said he’s paring his stake in the automaker and putting some proceeds into government debt, fearing a selloff ahead.
“No longer all-in on Tesla,” the billionaire posted Saturday on X in response to a question whether he still holds the stock. “I am selling Tesla and accumulating 3-month Treasury Bills.”