Desjardins Global Asset Increases Tesla Stake 14x, Trims Boosts…

Desjardins Global Asset Increases Tesla Stake 14x, Trims Boosts…

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Desjardins Global Asset Management Inc. has increased its inventory Tesla Inc TSLA Shares up about 14x in the third quarter versus the second quarter shows the company’s 13F filings.

What happened: During the quarter ended September, Desjardins added over 76,000 shares of the electric vehicle maker’s stock, taking its total stake in Tesla to over $21 million, SEC filings show.

On Wednesday, Reuters reported that the US Department of Justice has reportedly launched an investigation into Tesla over claims that its electric vehicles can drive themselves. The previously undisclosed probe was launched last year after more than a dozen crashes, the report said.

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Tesla CEO Elon Musk has frequently said that its automated driving software is not only safe, but safer than anything a human driver is capable of. Tesla shares are down over 43% year-to-date.

Apple sale: Desjardins Global Asset Management has reduced its stake in apple inc AAPL up more than 17% during the quarter. The company sold over 27,000 shares of the iPhone Maker in the third quarter, bringing its holdings to just over $17 million.

Apple will release its results for the quarter ended September on Thursday. Investors and analysts will pay close attention to how iPhone 14 the sale is fully booked. Analysts are expecting revenue to grow 6.7% to $88.9 billion on earnings of $1.27 per share. according to to Reuters. The stock closed 1.96% lower on Thursday.

top holdings: According to Whale Wisdom, the Vanguard S&P 500 ETF (NYSE: VOO), the VanEck Gold Miners ETF GDX and Microsoft Corporation MSFT are the fund’s top holdings.

Continue reading: Alibaba, JD up over 8%: Hang Seng rockets higher on tech rally

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