$Tesla (TSLA.US)$Perhaps the biggest supporter of Tesla, Ark...
$Tesla(TSLA.US$Perhaps the biggest supporter of Tesla, Ark Invest, has a $3,000 base case price target on the stock primarily due to its autonomous vehicle possibilities. The firm owns Tesla in three of its ETFs - the $ARK Innovation ETF(ARKK.US$, the $ARK Autonomous Technology & Robotics ETF(ARKQ.US$, and the $ARK Next Generation Internet ETF(ARKW.US$- but was recently selling Tesla under $800 a share due to both redemptions and changes in portfolio allocation.
Cathie Wood has a self-imposed restriction not to buy if a stock is more than a 10% weight in an ETF, but there are no restrictions on when Ark Invest has to sell. It's very logical to ask why Ark is selling shares under $800 if it believes Tesla is going to $3,000. If Tesla's autonomous ambitions are impacted by any of the latest news, it would put a serious dent into this part of the bull case.
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wild horse : Tesla sure may have a safety problem.
Tesla sure may have a China problem.
Tesla sure may have a competition problem.
Tesla sure may have demand problem.
Tesla sure may have a drive train problem.
Tesla sure may have a wompy wheel probem.
Bears see problems all over the place. Sucks to be them.
Ashish Barman OP wild horse : Tesla does have a whompy wheel problem. That's been evident from the start.
Tell me about it.
https://www.youtube.com/watch?v=-fkpIvIeHhc
What is the percentage?
Louis Jia Heng : Donkey