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Soros Fund Management buys Tesla bonds

Soros Fund Management LLC, an investment firm founded and chaired by billionaire George Soros, took a $35 million stake in Tesla Inc. bonds during the first quarter of 2018, according to an SEC filing.

The bonds are due in March 2019, Reuters reported May 16.

Tesla bonds have been under pressure in recent months due to lackluster earnings and concerns over the company's ability to meet Model 3 production targets. Meanwhile, Tesla CEO Elon Musk reportedly sent a memo to employees saying the company plans to flatten and restructure its management and is undergoing a "thorough reorganization."

Soros previously held shares in the company but sold them off in 2017, Reuters reported.