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JPMorgan boosted its Tesla stake by 600% last quarter, potentially scoring it a $1 billion return

Elon Musk

  • JPMorgan Chase potentially made over $1 billion from Tesla in under two months.
  • The bank’s investment arm boosted its stake by 600% last quarter to around 2.5 million shares.
  • Those shares have roughly doubled in value to $2.1 billion thanks to Tesla’s stock rally.
  • JPMorgan may have netted more than $2 billion if it bought and sold at the right time.
  • Visit Business Insider’s homepage for more stories.

JPMorgan Chase may have made over $1 billion from Tesla in less than two months. It boosted its stake in Elon Musk’s electric-car startup by about 600% last quarter, before its stock price roughly doubled read more >>>

Source:: BusinessInsider.Com