National Pension Service Gets Windfall from Tesla Investment
15 February, 2021
The National Pension Support earned around W3 trillion from buying Tesla stocks (US$1=W1,106).
The NPS held W379.5 billion worth of Tesla shares in December 2019. If NPS still holds that 0.4 percent stake in the electric carmaker, it would now be worth around W3.6 trillion as the stock has surged.
One market insider said, "The NPS is expanding abroad investments, thus its stake in Tesla probably remains unchanged."
Last year alone, Tesla's share price soared 743 percent from $80 to a lot more than $700. It closed at $816.12 last Friday.
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