Thiel Sells Nvidia, Cuts Tesla Stake

Peter Thiel, a prominent venture capitalist, has sold off his entire investment in Nvidia and significantly reduced his holdings in Tesla, as per a recent SEC filing. This strategic move, potentially driven by concerns about a market bubble, suggests a cautious approach amidst rising inflation and interest rates. Despite the reduction, Founders Fund still holds over one hundred thousand shares in Tesla, indicating a partial commitment to the electric vehicle maker.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.