A massive investment firm founded and run by liberal billionaire George Soros just became the new bondholder of Tesla, giving him serious control of another major American company, according to Reuters.
Recent filings with the U.S. Securities and Exchange Commission show the Soros Fund Management LLC took a $35 million stake in the convertible bonds of Tesla. Since The company is fueled by billions in government subsidies ($4.9 In 2015), now this monster will have an unending source of taxpayer money for his coffers.
Convertible bonds are a type of debts that can be changed into an amount of the underlying company’s equity, usually at the discretion of the bondholder, which is now Soros. Convertible bonds are mainly issued so a company can minimize negative investor interpretation of its corporate actions.
Allowing Soros to become the bondholder of Tesla means he will play a major role in the company’s share prices and public interpretation. It also gives Soros the power to avoid negative impressions with the public, meaning he can manipulate prices and how Tesla is viewed through the markets.
Tesla has come under fire in recent months for not being able to handle production problems, retain senior staff members, and resolve serious issues with its electric cars malfunctioning and glitching. The company would not even exist if American citizens weren’t paying for it… there is no real market demand for the green stuff.
With Tesla in trouble with consumers and investors, Soros saw the chance to take a major stake in the company and immediately jumped at the opportunity. Now, he will have power over how the company operates and what it does long term.
This latest power play by Soros comes on the heels of the liberal kingpin being accused of bankrolling the Iran nuclear deal and funding chaos in the region.
Earlier this week, Soros was exposed for being involved with former Obama administration officials taking bribes to agree to the disastrous deal with the terrorist-supporting regime.
Prior to that, it was revealed that Soros has been writing six-figure checks to Florida democrats candidates who are ardently in favor of eroding the Second Amendment and infringing on citizens’ right to bear arms.
Soros is pumping hundreds of thousands of dollars into candidates who support gun bans. He was also exposed for funding progressive candidates to have reparations for blacks on the ballot in the U.S. by 2020.
These major revelations prove his political ambitions and raise serious questions about how he will use Tesla to further advance his liberal agenda in America.
All of his ideas are utterly insane, and now this monster controls a big stake in a major company that he can use to further ignite tensions across the country.