According to the latest 13Fs, George Soros' investment firm took a $35 million stake in Tesla's convertible bonds during the first three months of the year One glimpse at the volume in TSLA converts suggests Soros Fund Management piled in as the price plunged at the end of March.

The March 2019 Converts bounced handsomely off those lows – tracking the stock's divergent bounce – but in recent days has fallen back towards the lows, catching down to the straight bonds record low price.

As Reuters reports, this is not Soros' first dealing with Musk.

In 2016, SolarCity Corp, a debt-laden solar panel firm backed by Musk and now owned by Tesla raised $305 million by selling future cash flows for a portfolio of solar projects to a fund advised by Soros Fund Management LLC.

Soros also previously held some Tesla stock, but he sold off his stake last year.

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