Looks like somebody will not have a chair to sit when the music stop
Tesla: $1 Trillion Of Speculation
Tesla’s market cap surpassed the trillion-dollar mark, driven by a post-earnings rally that got a boost from the announcement of a 100,000-vehicle order from Hertz , which might not even happen.Even if it does come to pass, the Hertz order is a drop in the bucket of growth expectations baked into Tesla’s valuation. Tesla needs 155 Hertz-sized orders to justify the revenue expectations in its stock price. Put another way, the $1.2 trillion valuation implies Tesla owns 60%+ of the entire global p
Cathie Wood’s ARK Invest Sold Tesla Stock. Bulls Shouldn’t Worry.
Disruption-stock guru Cathie Wood has become an important voice for bullish Tesla investors, so when her ETF, ARK Innovation, buys or sells the shares, it is news. The risk for investors is overreacting.Closely following what is going in a favorite stock is a good idea. Responding to all the daily data points is less so.Wood’s ARK Innovation ETF sold more than $200 million in Tesla stock in recent days, based on data compiled from Bloomberg.Big sales are potentially alarming for bulls, but ARK’