Tesla Stock vs. Amazon Stock: Billionaires Are Buying One and Selling the Other

Tesla (NASDAQ: TSLA) and Amazon (NASDAQ: AMZN) have been very rewarding long-term investments, but the hedge fund billionaires listed below bought Tesla and sold Amazon in the third quarter:Importantly, while tracking the stocks hedge fund managers hold can provide inspiration, the trades listed above happened in the third quarter, which ended over three months ago, and the fourth-quarter update will not be available until mid-February. So, here's a more current look at Tesla and Amazon.Tesla shares fell sharply on Jan. 2 when the company reported 495,570 fourth-quarter deliveries, about 10,000 units short of the consensus estimate. But the stock rebounded the next day on reports of strong sales in China and an upgrade from Canaccord. Importantly, while Tesla led the market in electric car sales through November, its market share has declined across all three of its major markets: U.S., Europe, and China.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool