Soros Dumps Electric Vehicle Stocks Amidst Market Turmoil.

George Soros's investment firm, Soros Fund Management, reduced its stake in Rivian Automotive by selling about 10.8 million shares, reducing the market value of the stake to $55.4 million, after a 90% share decline. The firm also eliminated its entire $16 million stake in Tesla and trimmed other tech-related positions. Soros's US equities portfolio fell about $687 million in the first quarter.