Billionaire George Soros predicts that Britain is reaching a tipping point economically that will force the country to reconsider its decision to exit the European Union, he said in an email to reporters Tuesday, Reuters reported. 

"The moment of truth is fast approaching," Soros said. "The fact is that Brexit is a lose-lose proposition, harmful both to Britain and the European Union. It cannot be undone, but people can change their minds."

The Hungary-born Briton made his fortune in the 90's when he bet against the pound sterling before it was pulled out of the European Exchange Rate Mechanism.

What's Hot On TheStreet

Amazon has some work to do with Whole Foods: Organic grocer Whole Foods (WFM) needs Amazon's (AMZN) - Get Reporttech know-how, and it needs it very quickly to slash prices.

TheStreet's Lindsay Rittenhousewent shopping online at Ohio stores to see how Whole Foods stacked up against Walmart Stores Inc. (WMT) - Get Reportand rival grocer Kroger (KR) - Get Report. While the results may not be shocking, they show just how much Amazon will have to cut for Whole Foods to be on equal footing with some of its competitors.

The cost of eight everyday food items at Whole Foods, TheStreet found, were nearly double those of the ones at Walmart, but Kroger undercut them both. Whole Foods' basket cost $38.29; Walmart's, $19.86; and Kroger's, $16.58.

With data as shocking as this, it's no wonder Whole Foods founder John Mackey is in love with Amazon.

Tesla's stock is out of control: Tesla Inc. (TSLA) - Get Reportshares are expected to have a strong session amid reports Elon Musk's electric car baby may open a new production facility in China. Such a move would avoid tariffs in the world's second-largest economy, but risk the ire of U.S. President Donald Trump's "buy American, hire American" industrial policy, TheStreet's Martin Baccardax reports.

Tesla's market cap is now more than $60 billion and climbing, despite the company continuing to lose money. Ford's (F) - Get Reportmarket clocks in at $44.7 billion, while General Motors (GM) - Get Reportstands at $51.9 billion.

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