National Pension Service Gets Windfall from Tesla Investment

  • By Hong Jun-ki

    February 15, 2021 12:35

    The National Pension Service earned an estimated W3 trillion from investing in Tesla stocks (US$1=W1,106).

    The NPS held W379.5 billion worth of Tesla shares in December 2019. If it NPS still holds that 0.4 percent stake in the electric carmaker, it would now be worth around W3.6 trillion because the stock has surged.

    One industry insider said, "The NPS is expanding overseas investments, so its stake in Tesla probably remains unchanged."

    Last year alone, Tesla's share price soared 743 percent from $80 to more than $700. It closed at $816.12 last Friday. 

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