Cathie Wood still holding a large stakes in Tesla's share and sold BYD's stock
The article revealed that Cathie Wood bought 545k and 814k Tesla's shares in Q4 and Q1. Based on Q2 2023 FY report, she still hold 4.84 millions shares worth USD 1.32 million in value, clearly showed that she holds a substantial amount of Tesla stock currently. This is a vote of confidence to Tesla.
I anticipated someone will use her selling of Tesla's share to spread FUD info without giving accurate data.
As for Cathie Wood selling BYD share, Tesla's rival, you can read more here:
Cathie Wood sold BYD stock 64,800 shares and 19,752 shares within 2 days this week
Cathie Wood sold BYD stock 64,800 shares and 19,752 shares within 2 days this week
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Lucid Group(LCID.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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ZnWC OP : After selling USD 274 millions worth share, she still hold USD 1.48 billions worth share. The selling looks very pale compared to holding.
MonkeyGee : you are so one sided. you know Katie brought alot of xpeng also right? you are so one side for a reason!
ZnWC OP MonkeyGee : Would you like to share how much Xpeng share Cathie Wood bought?
MonkeyGee ZnWC OP : if you are so into posting articles on xpeng than maybe should post everything not just stuff to support your shorts.
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Both Nio and XPeng are going for autonomous driving, the money manager said. Tesla may be operating in China, but the government may not be keen on allowing the U.S. company to lead in the autonomous race, she added.
XPeng, for one, is modeling itself after Tesla, and this was the reason for Ark Invest picking it up, Wood said.
Nio, she said, is "absolutely fabulous" on the design side and has higher end products.
Ark Invest is therefore is splitting its bets, and one of those companies or two of them will be the "autonomous" champion(s), Wood said.
ZnWC OP MonkeyGee : You've mistaken. I also shared articles for stocks other than Xpeng and NIO. Don't get too personal in your comment, focus on the stock. I welcome opposite view about the stocks if you have any.
Mohamed elsage ZnWC OP : Mohamed elsage
Mohamed elsage ZnWC OP : $Berkshire Hathaway-B (BRK.B.US)$ 100000000000