Saudi sovereign wealth fund PIF slashes exposure to Tesla

Saudi sovereign wealth fund PIF slashes exposure to Tesla

A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson

Saudi Arabia’s Public Investment Fund (PIF) has slashed its exposure to Tesla Inc, the Financial Times reported on Monday, citing people with direct knowledge of the matter, sending the electric car maker’s shares down 2 percent.

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