Tesla Shareholder Warns of 1929-Style Crash, Moves to Short-Term U.S. Treasuries

Major Tesla shareholder Leo KoGuan recently warned of a looming stock market crash reminiscent of 1929. Concerned about the U.S. government’s debt issues and an impending sell-off in Tesla shares, he has reduced his Tesla holdings in favor of safer short-term Treasuries to hedge his portfolio risk.