Musk's billionaire peer George Soros, the most famous short seller in the world, won't be attending the Tesla shareholder meeting, since he is no longer a shareholder of the electric vehicle manufacturer as of March 31.

According to regulatory filings, Soros Fund Management, the financier's hedge fund, liquidated all Tesla shares acquired since the second quarter of 2022. The hedge fund had surprised everyone by adjusting its investment strategy in the automotive industry starting that quarter. 

The billionaire who was content to bet on EV upstarts like Lucid Motors  (LCID) - Get Free Report and Rivian  (RIVN) - Get Free Report also disclosed a stake in Tesla. He first acquired 29,883 Tesla shares valued at just over $20.1  million as of June 30.

He continued to trust the Austin, Texas-based group and its charismatic and whimsical CEO Elon Musk, taking advantage of a stock plunge of more than 50% between January and September 2022 to triple his stake to 89,647 Tesla shares as of Sept. 30.

Soros Bet on Tesla 

The big investment suggested that Soros believed in Musk's strategy for Tesla, despite the billionaire being distracted by his $44 billion acquisition of Twitter. At the time, the Techno King was in a legal battle with Twitter 1.0 management, and spoke very little about Tesla. The fundamentals of Tesla were very solid. For the third quarter, it had posted adjusted earnings before interest, taxes, depreciation and amortization of almost $5 billion, up 55% year-over-year, while revenue jumped by 56% to $21.5 billion. 

It had delivered 907,573 vehicles in the first nine months of 2022, up 45% year-over-year, and had produced 927,910 cars, up nearly 49%.