ELON’s stake in Tesla, just to be clear…
$Tesla (TSLA.US)$ As I read a lot of NON INFORMED (=ignorance as GUILT due to lack of studying 🤨) Elon increased his position in Tesla by the end of the year from around 13% (drop caused by the massive “x Twitter selling” to 20,6%. So all the dwindling wanna bees traders pointing at him the finger and avcusing him of selling really don’t know what are they talking about. Furthermore, each movement Elon does in his TSLA ownership has to be PUBLICLY filed at the SEC (you can easily read it on MOOMOO). That’s what teally pushed the stock price in January and the buying from the other big shareholders (Vanguard, BlackRock, etc.).
Just to point out how the things are.
What happends day to day is nothing different than the usual high volatility, pushed by the MMs (market makers)in the direction they like to get your stop losses blow and make them profit. Until the data from the macro economy ate not confirmed bullish, each resistance (real or numerical) may imply a rejection to a lower support. Fud and on-purpose news, spread though meaningless may also cause pull backs. But the funfamentals are the best in the car industry, specially in the EV sector: Tesla makes 6X profit than BYD, though wil less production (half of which is NOT pure electric, but have an old combustion engine that needs gasoline and maintenance).
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
TESLA holder and trader. Economics and tech studies, writer, traveller and chef for passion. FREE in SouthAmerica 😎
2084Followers
90Following
6998Visitors
Follow