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George Soros’ Bet on Tesla Could See Other Investors Follow Suit

(Reuters) If Tesla Inc (TSLA.O) Chief Executive Elon Musk needs to raise even more money, there may be a way.On Tuesday billionaire investor George Soros disclosed a $35 million stake in Tesla convertible senior notes during the first three months of the year. Convertible notes give investors the right to trade their debt for equity at a conversion rate and are more appealing to the risk-averse, allowing them to benefit from Tesla’s stock price rising while guarding against the risk that it might not.

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