Chamath Palihapitiya Dumped His Tesla Stock. He’s the Latest Booster to Sell.

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High-profile investor Chamath Palihapitiya said Wednesday that he sold his position in Tesla stock over the last year.

The founder of venture firm Social Capital has been bullish on Tesla (ticker: TSLA) in the past, telling CNBC in January—when the shares were trading hands above $800—that the stock could double or triple in price.

But the…