- T. Rowe Price funds slashed Tesla (NASDAQ:TSLA) holdings in the first quarter as the institutional investor continued to cut its positions in the EV maker.
- The firm, which has been one of the largest investors in Tesla, sold off 92% of its prior holdings in the company, according to Refinitiv data.
- Shares of Tesla fell 16% during Q1, a difficult period for the company marked by a sharp drop in Model 3 deliveries and Elon Musk's public battle with the SEC.