Soros Fund Management had gradually added to its holdings of Tesla stock during the second quarter of 2022, holding around 132,000 shares by the end of last year. By offloading that position, the fund likely enjoyed significant gains from the surge in the EV maker's stock price this year.

Tesla shares jumped 68% in the first quarter, thanks to a broad rally in the technology sector amid expectations that cooling inflation would allow the Federal Reserve to halt its interest-rate increases. The stock has pared its advance since then, and is currently up about 37% year-to-date.