Saudi Arabia slashes exposure to Tesla via hedging deal

Saudi Arabia slashes exposure to Tesla via hedging deal

Move comes months after chief Elon Musk settled fraud charge over buyout claim

✒ A collar deal that involve buying a put and selling a call, effectively contains PIF’s gain / loss on Tesla’s share price in a defined range. Whatever the reason was, this hedging arrangement came at a good timing, just shortly before the company announced a 7% cut of it workforce which sent the stock price sharply lower.