Tesla fund investors start profit-taking

• Tesla stock is up 65% so far this year, so it’s no surprise investors want to cash in while they can • Fidelity OTC Portfolio sold 1.62 million shares, or 43% of its position, while T. Rowe Price Growth Stock Fund sold 1.33 million shares, or 48% of its position, in the second quarter • There is talk, though, that Tesla might be overvalued. BMO Capital Markets economists noted how Tesla is worth more than Ford Motor ‘even though the latter has 22 times more revenue and regularly makes a profit’