Elon's Giant Package
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Elon's Giant Package
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Re: Elon's Giant Package
#2is this for real and should I be angry?
Cathie Wood and ARK are selling too. While putting out a report with a price target of $4,600 for TSLA, they’ve been taking profits and trimming their TSLA position in their flagship ARKK fund from almost 4 million shares to less than 1 million. One of the biggest cheerleaders for Tesla is publicly saying the stock will quadruple, while cutting their holdings by 75%.
Re: Elon's Giant Package
#3Is the "giant package" double-entendre something already played out? I haven't paid enough attention to know one way or the other.
Re: Elon's Giant Package
#4is this for real and should I be angry? Cathie Wood and ARK are selling too. While putting out a report with a price target of $4,600 for TSLA, they’ve been taking profits and trimming their TSLA position in their flagship ARKK fund from almost 4 million shares to less than 1 million. One of the biggest cheerleaders for Tesla is publicly saying the stock will quadruple, while cutting their holdings by 75%.
TSLA's gone up a lot in the last few years, perhaps 20% of Ark's market cap being in a single stock might be bad business? But I wonder if it's more likely to do with them losing 50% of their assets in less than a year:
> As of February 2021, the company had $50 billion in assets under management. By January 2022, assets had dropped to $23.9 billion, after a period of poor performance.
Re: Elon's Giant Package
#5is this for real and should I be angry? Cathie Wood and ARK are selling too. While putting out a report with a price target of $4,600 for TSLA, they’ve been taking profits and trimming their TSLA position in their flagship ARKK fund from almost 4 million shares to less than 1 million. One of the biggest cheerleaders for Tesla is publicly saying the stock will quadruple, while cutting their holdings by 75%.
No, you shouldn't be angry you should be objective.
The fund can have its own investment time horizon that has nothing to do with the time horizon and accuracy of the report.
Re: Elon's Giant Package
#6is this for real and should I be angry? Cathie Wood and ARK are selling too. While putting out a report with a price target of $4,600 for TSLA, they’ve been taking profits and trimming their TSLA position in their flagship ARKK fund from almost 4 million shares to less than 1 million. One of the biggest cheerleaders for Tesla is publicly saying the stock will quadruple, while cutting their holdings by 75%.
Cathie is a bit of a case and I'd stay away from the ARK fund myself (it's basically a bad way to own TSLA which was great when TSLA jumped) but that fund is limited to holding no more than some percentage as TSLA, maybe it was 10%?
Disclosure: I held TSLA in the past, not at this time, though I hold index funds that hold it.
Re: Elon's Giant Package
#7> After the past few weeks, can you imagine the public outcry if regulators tried imposing any limits at all?
Au contraire this makes it much harder for him to use it to manipulate the market. It would be like Bloomberg manipulating his other company stock.
Maybe he just wants to use the userbase to turn it to a payments platform
Re: Elon's Giant Package
#8> After the past few weeks, can you imagine the public outcry if regulators tried imposing any limits at all? Au contraire this makes it much harder for him to use it to manipulate the market. It would be like Bloomberg manipulating his other company stock. Maybe he just wants to use the userbase to turn it to a payments platform
More likely, use it as a political platform.
Re: Elon's Giant Package
#9> After the past few weeks, can you imagine the public outcry if regulators tried imposing any limits at all? Au contraire this makes it much harder for him to use it to manipulate the market. It would be like Bloomberg manipulating his other company stock. Maybe he just wants to use the userbase to turn it to a payments platform
More likely, use it as a political platform.
$46 Billion dollars worth? Does not seem likely.
Re: Elon's Giant Package
#10Earlier quoted context omitted.
More likely, use it as a political platform.
$46 Billion dollars worth? Does not seem likely.
US gov't has already fronted him more than 10% of that. There's plenty more where that came from. And, not even just the US!
The whole takeover would have been much more fun if he had announced that his offer would drop by 1% for each day they took to accept it.