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Citigroup increases stakes in Tesla and Lucid and adjusts EV portfolio in Q3

Stocktwits +1 · ·by G4L

TSLA Tesla Inc
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RIVN RIVN +2.94% GM +4.05%XPEV XPEV -0.20%LCID LCID +9.42%LI LI -1.52%
  1. 1Citigroup recorded a 10.1% increase in its Tesla common stock holdings in Q3, securing 8.69 million shares of Tesla common stock at the end of the quarter.
  2. 2Citigroup increased its Lucid stake by 106% from its Lucid holding of 4.25 million shares at the end of Q2.
  3. 3Citigroup increased its Rivian stake by 39.7% this quarter.

So what's the key point?

Citigroup bought a lot of shares in electric vehicle companies like Tesla, Lucid, and Rivian. This means they now hold more shares in these companies.

Source Stocktwits +1 · View original ↗

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