Soros Firm Lost up to $105 Million on Now-bankrupt Green Energy Firm Boosted by Biden

August 17, 2023

Soros owned nearly 8 million shares in Proterra stock, now valued at just 8 cents a share

by Spencer Lindquist Daily Wire

The investment firm run by liberal billionaire George Soros was a major investor in a now-bankrupt electric bus company that was heralded by the Biden administration as the future of green transit, and lost as much as $105 million in the two years since the company went public, according to a Daily Wire analysis.

Soros Fund Management was one of the earliest investors in Proterra — when the company went public in June 2021 the fund owned 7.75 million shares of the company, an investment worth over $132 million dollars, according to legally required quarterly disclosures. The stock price of the electric bus company has only fallen since then, and while Soros initially bought an additional 220,000 shares of the company in the final quarter of 2021, he offloaded shares in every quarter since as news of the company’s shortcomings spooked investors.