Billionaire George Soros, founder of Soros Fund Management LLC, attends a forum in Hong Kong, China, on Friday, April 5, 2013. The Bank of Japan’s move to expand monetary easing may trigger “an avalanche” in the yen as Japanese put money elsewhere in anticipation of sustained currency depreciation, Soros said. Photographer: Jerome Favre/Bloomberg *** Local Caption *** George Soros
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Billionaire George Soros, founder of Soros Fund Management LLC, attends a forum in Hong Kong, China, on Friday, April 5, 2013. The Bank of Japan’s move to expand monetary easing may trigger “an avalanche” in the yen as Japanese put money elsewhere in anticipation of sustained currency depreciation, Soros said. Photographer: Jerome Favre/Bloomberg *** Local Caption *** George Soros

Billionaire investor George Soros invested in Tesla back in 2013, but he sold his position just a year later. Now his latest 13F filing shows that he is back with a new stake in the electric automaker.

Soros’s initial investment of $17 million would be considered relatively small when you compare it to his total net worth estimated at ~$25 billion.

His latest investment in Tesla is even smaller. Soros bought 2,500 notes for about $2.15 million.

The move is a long-term call in Tesla (TSLA). Soros’s fund will collect $12.50 per note per year in interest and if Tesla stays solvent through 2021, Soros will be able to exchange his notes for either $1,000 or 2.78 shares, whichever is worth more.

Tesla’s stock lost about 12% since the unveiling of the Model 3 at the end of March. Despite the relatively small size of the investment, it’s still a show of confidence in Tesla from the Soros Fund.

Featured image: Billionaire George Soros, founder of Soros Fund Management LLC, attends a forum in Hong Kong, China, on Friday, April 5, 2013. Photographer: Jerome Favre/Bloomberg 


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