Norway’s Wealth Fund Exits Position in Lucid, Tesla and Rivian

Norway’s Wealth Fund Exits Position in Lucid, Tesla and Rivian

Norway’s central bank Norges Bank disclosed this week on its latest 13F filing with the SEC that it closed its position in the three major U.S. EV makers between January and March. The institution had reopened all three positions in the last quarter of 2024, when it held over 47 million shares in the trio, worth over $14.55 billion by the end of the year. Tesla Norges Bank had registered a record stake in Tesla late last year — since it first o…

The Ministry of Finance in Paris Bercy. Jean-François Gornet / Flickr, CC BY-SA Serge Besanger, ESCE International Business School France would have everything to gain from forming a sovereign wealth fund. The example of Singapore shows that a budgetary surplus is not necessary. Norway shows the interest of this tool to prepare for the future. Despite an attempt by Lionel Jospin's government quickly dilapidated, France seems to resist this tool.…