Peter Thiel’s hedge fund cut its stake in Tesla by 76%

Peter Thiel’s hedge fund cut its stake in Tesla by 76%Peter Thiel’s hedge fund, Thiel Macro, has cut its stake in Elon Musk’s Tesla by 76%, according to new filings. Thiel and Musk are longtime friends who famously cofounded PayPal together and are part of the so-called PayPal Mafia. The filing also showed that Thiel Macro exited its entire position in Nvidia. The fund’s top holdings are now Apple, Microsoft, and Tesla, valued at roughly $20 million, $25 million, and $29 million, respectively. “Hang on to your Tesla stock,” Musk recently told investors at the company’s annual shareholder meeting, where they approved his $1 trillion pay package.