'Support a nervous market': major Tesla private equity investor bought 1 million shares of Nvidia stock

Billionaire Leo Koguan from Singapore, who a few years ago became one of the largest private shareholders of Tesla, bought 1 million shares of Nvidia on March 3. He announced this on March 4 on social network X.

"Previously, I was all in Tesla; now [I'm] still mostly invested in Tesla and US Treasuries," Koguang wrote, also noting that he bought another "1 million shares of Nvidia yesterday." "I'm convinced that AI is not a bubble, it's just the beginning," the businessman emphasized, also adding in an interview with Bloomberg that he plans to buy another 1 million shares of Nvidia soon "to support a nervous market."

In other posts on X, the billionaire explained that he believes the potential of Tesla's cybercab (developing an unmanned robotaxi) and Teslabot (developing the humanoid robot Optimus) divisions is "not fully reflected in the stock price." "Tesla is the leading company in embodied AI on the planet," Koguang added.

On Tuesday, March 3, Nvidia shares closed at $180.05 in New York, which means the billionaire invested about $180 million in the deal, writes Bloomberg. At the premarket on March 4, Nvidia shares rose 1.4 percent, while Tesla shares rose 1.2 percent. Nvidia quotes have fallen nearly 8% over the past five trading sessions. The latest strong reporting failed to support the company's shares, notes Barron's.

On February 25, the company reported a 73% rise in quarterly revenue, driven by strong demand for AI chips. Revenue for the reporting period, for the entire last year, as well as sales in the data center segment were record highs, Nvidia said. Since then, however, the company's securities have fallen 6%. Analysts attributed this, among other things, to the fact that strong results were expected from Nvidia, so they were already factored into the price of the company's securities.

The businessman earned his fortune, among other things, thanks to the enterprise software company SHI International, which he ran with his ex-wife. In addition, Coguane says he started buying Tesla stock in 2019 and quickly built a large position by actively using options and repeatedly increasing his stake. Coguane's fortune is estimated at $12.8 billion, according to the Bloomberg Billionaires Index.

Nvidia may unveil a new chip for inference - the process of AI models processing queries and issuing responses to users - at its GTC conference, which will be held March 16-19, The Wall Street Journal reported on Feb. 27. "We prefer to buy call options on Nvidia ahead of the GTC conference, as clarifying the outlook for data center growth in 2027 and the possible launch of a new AI chip for inference could be drivers for the stock," Barron's quoted JPMorgan analyst Bram Kaplan as saying. A call option gives an investor the right to buy a stock at a predetermined price within a certain time frame.

Of the 71 analysts covering Nvidia stock, 66 advise buying it. Four recommend holding them in a portfolio and only one recommends selling them, MarketWatch data show.

Recommendations on Tesla securities are mixed: almost the same number of analysts tracking the company's securities advise to buy them (23 out of 54) and keep them in the portfolio (22 out of 54). Nine advise to sell.

Koguan has previously publicly criticized Elon Musk and the decisions of Tesla's management. In particular, in September 2025, he opposed the company's decision to pay the CEO a compensation package that could potentially reach $1 trillion. Whether and by how much the businessman has reduced his stake in Tesla in recent years - Koguan did not specify.

This article was AI-translated and verified by a human editor