Peter Thiel Cuts Stake In PayPal Mafia Company Tesla. Musk Issues This Warning.| Investor’s Business Daily

Peter Thiel’s hedge fund Thiel Macro sold around 76% of its stake in Tesla (TSLA) during the third quarter, according to the 13F filing, as the billionaire decided to reduce his holdings in fellow PayPal Mafia-member Elon Musk’s EV giant amid possible AI bubble risks. Thiel Macro sold 207,613 TSLA shares in Q3, cutting its Tesla position by about 76%.…