Tesla will definitely have a bright future.

Elon Reeve Musk, Tesla's largest shareholder, suddenly does not appear in the table showing the shareholding percentage of all shareholders. JC speculates that Elon Reeve Musk requested and was granted by the board more shares and a higher shareholding percentage to better steer the company's development direction. This is a major bullish signal.

With these heavyweights increasing their positions, JC is even more confident about Tesla's future: (Vanguard and BlackRock are top big players on Wall Street, with Vanguard applying for a delayed disclosure of increased holdings in Tesla to the SEC after almost simultaneously exiting China. When the confidentiality period ended, the information was now public. BlackRock, on the other hand, did not do this and directly announced the increased shareholding information as usual.)

Buying on dips is an opportunity when oscillating down.

The U.S. stock market has always been bullish in the long term and bearish in the short term. From historical big data perspective, betting against Tesla with put options will result in a terrible loss.

When it falls too much, it will rise. If you bet against the market at 265, then you are a master, but if you bounce back at 175.01 and still bet against the market, then you are doomed to lose.

Elon Reeve Musk is not an ordinary person as you might think. What surprises JC is: some people think Elon Reeve Musk is a scumbag, even think he is worse than themselves and insist on being bearish on Tesla.

There are too many sarcastic people.

The stock market is where you find the most crazy people, not in mental hospitals.

People coming from the A-share market are accustomed to bearish thinking, in a bear market. On the other hand, the U.S. stock market is bullish in the long term and bearish in the short term, a place worth long-term investment.

A company like Tesla can only be born in the USA. It cannot come from anywhere else.

From historical big data: putting, short selling, and sarcasm, have no place in the successful forest of Wall Street.

Speculative gaming is the most charismatic intellectual game in the world. But stupid people cannot play, those who are too lazy to use their brains cannot play, those with poor emotional balance cannot play, those who are excessively confident and cannot face objective reality cannot play, and those who fantasize about getting rich overnight cannot play. Do you know why?

The four stages of an ordinary investor's life: the ignorant joy and obsession of feeling superior, the pain and suffering of being trapped and humiliated, the frustration and disappointment of getting no returns, and the calmness of ordinary consumerism and indulgent hobbies. Which step are you at?

Nowadays, I have learned to eat well, take a bath, and go to bed early as much as possible when I am in pain. It's not that I live carelessly, but I know that pain won't disappear on its own. It will stubbornly linger in front of me for a long time. I must maintain energy in order to fight against the tough days!

For long positions, the most difficult time has passed. If you lack the ability to discern, you will be misled by the market's appearance. For short sellers, it's time to turn back if you've been lost.

I am gradually losing interest in what's happening in the Middle Kingdom, so I keep my distance.

When animals cannot be tamed by God, they are only enclosed in a zoo for observation purposes.

The US Dollar Index will experience a slight drop, like a gift package with makeup on. There is no longer a possibility of a financial crisis occurring. In today's highly developed internet and information age, the Federal Reserve has more than enough means and experience to deal with it calmly, resolving it at the early stages.

Now as long as the Fed cuts interest rates, the USD will immediately soar. Tesla has already dropped significantly, and the downward energy has been fully released. In addition, the economic crisis is different from the financial crisis. Now the whole Wall Street is waiting for the Fed to cut rates, but the Fed is hesitant to do so immediately, afraid of triggering inflation again.

Elon Reeve Musk is a genius member of the American Academy of Engineering, and all the projects led by Tesla and behind them have a forward-looking artificial intelligence and comprehensive industry chain. Currently, the undisputed leader in artificial intelligence is Nvidia, but this is not constant. Why do we say that? Because Nvidia is a blooming rose in the garden of artificial intelligence, but not the entire garden. Tesla has a more forward-looking layout in artificial intelligence.

Not being able to see this point is having a visual blind spot.

FSD will move from deep assisted driving towards complete replacement of manual driving, and autonomous driving technology is becoming more mature. The significance is profound, far beyond simply replacing manual driving, as it will bring about many important changes.

Electric vehicles are not just changing the energy-powered mode of transportation, but also an important platform and carrier for human future life and survival. By achieving the AI transformation of the platform, many tasks can be completed: point-to-point autonomous driving, mobile internet, mobile internet of things, mobile office, mobile residence, and so on. Tesla is not an ordinary car company, but a truly high-tech, fast-growing top stock on the largest Nasdaq in the USA. It will take some time for Tesla to fully transform to AI (artificial intelligence) and correspondingly in its profit financial statements.

Laurence Douglas Fink

Laurence Douglas Fink was born on November 2, 1952, and is an American billionaire businessman. He is the co-founder, chairman, and CEO of Blackrock, a multinational investment management company in the United States. Blackrock is the world's largest asset management firm, with assets under management exceeding $10 trillion. According to Forbes, in April 2022, Fink's net worth was estimated at $1 billion. He is a board member of the Council on Foreign Relations and the World Economic Forum.

Fink was born on November 2, 1952. He grew up in a Jewish family in Van Nuys, California, as one of three children. His mother, Lila (1930-2012), was Jewish. His father Frederick (1925-2013) was a British professor and co-owned a shoe store there. He earned a bachelor's degree in Political Science from UCLA in 1974. Fink is also a member of Kappa Beta Phi. He later obtained an MBA in Real Estate from UCLA's Anderson School of Management in 1976.

In 1976, Fink began his career at First Boston, a New York investment bank, where he was one of the first mortgage-backed securities traders and eventually managed the bond department. At First Boston, Fink was a member of the management committee, managing director, and co-head of the taxable fixed income department; he also founded the financial futures and options department and led the mortgage and real estate products group.

A Vanity Fair article in 2010 reported that Fink had increased assets at First Boston by approximately $1 billion. He was successful in the bank until 1986 when his division lost $100 million due to incorrect interest rate forecasts. This experience influenced his decision to start a company that would invest clients' funds while incorporating comprehensive risk management.

In 1988, Fink co-founded Blackrock under the umbrella of Blackstone, serving as a director and CEO. After Blackrock spun off from Blackstone in 1994, Fink retained his position and became Chairman in 1998 after Blackrock became independent. His other positions at the company include Board Chairman, Chairman of the executive and leadership committee, Chairman of the corporate council, and Co-Chairman of the global client committee. Blackrock went public in 1999.

In 2003, Fink helped New York Stock Exchange CEO Richard Grasso resign, who faced widespread criticism for his $0.19 billion compensation package. In 2006, Fink led the merger with Merrill Lynch Investment Management, doubling Blackrock's asset management investment portfolio. That same year, Blackrock acquired Stuyvesant Town-Peter Cooper Village in Manhattan for $5.4 billion, marking the largest residential real estate transaction in U.S. history. When the project ended in default, Blackrock clients, including the California pension and retirement systems, lost approximately $0.5 billion.

The U.S. government signed contracts with Blackrock to aid in its recovery after the 2008 financial crisis. Fink's long-standing relationships with senior government officials raised questions about potential conflicts of interest in government contracts awarded without competitive bidding. Blackrock's contracts facilitated relationships with Obama's first Treasury Secretary, Tim Geithner, and other members of the Obama economic recovery team. In 2016, Fink aspired to become Hillary Clinton's Treasury Secretary. Blackrock also hired many former government appointees to strengthen its ties with the federal government.

In December 2009, BlackRock acquired Barclays Global Investors, making it the world's largest asset management company. Despite Fink's significant influence, he is not widely known apart from frequent appearances on CNBC. BlackRock paid Fink $23.6 million in 2010, and $36 million in 2021. By 2016, BlackRock managed $5 trillion in assets and had 12,000 employees in 27 countries.

In 2016, Fink received the ABANA Achievement Award in New York. The award recognizes individuals in banking and finance who demonstrate outstanding leadership and actively promote professional collaboration between the U.S. and the Middle East and North Africa.

In 2018, Fink was ranked 28th on the Forbes Global Power People list.

During the 2020 coronavirus pandemic, the Federal Reserve sought BlackRock's help to purchase distressed securities, echoing the actions taken in 2008.

Fink serves on the board of directors of New York University and holds several chair positions, including Chairman of the Finance Committee. He is also Co-Chair of the Board of Trustees at NYU Langone Medical Center and a Trustee of the Boys & Girls Clubs. Fink is also a board member of the Robin Hood Foundation. In 2009, he established the Laurie and Lawrence Fink Center for Finance and Investment at UCLA's Anderson School, where he currently serves as Chairman of the Board.

In December 2016, Fink participated in a business forum convened by then President-elect Donald Trump, providing strategic and policy advice on economic issues.

In his annual open letter to CEOs in 2018, he called for companies to play an active role in improving the environment, communities, and increasing workforce diversity. This was seen as evidence of BlackRock, one of the largest public investors, actively pursuing these goals. Fink stated in his 2019 open letter that when governments cannot address social and political issues, companies and their CEOs must step into leadership vacuums to address these issues.

After the murder of Jamal Khashoggi in October 2018, Fink canceled his plans to attend the Saudi Arabian investment conference.

In his 2020 annual letter, Fink announced that environmental sustainability will be the core goal of BlackRock's future investment decisions. In this letter, he explained how climate change will become a driver of the economy, impacting various aspects of the economy. He also revealed in another letter to investors that BlackRock will be cutting ties with investments involving thermal coal and other assets with significant environmental risks.

Fink also supports the New York City Police Foundation, which provides financial support to the New York City Police Department. Following the murder of George Floyd and subsequent nationwide protests, the non-profit organization 'Color of Change' called for Fink to divest from the New York City Police Foundation.

Since 1974, Fink has been married to his high school sweetheart, Lori Weider. The couple has three children. Their eldest son, Joshua, is the CEO of Enso Capital, a now-dissolved hedge fund in which Fink holds shares.

In 2004, they purchased Finch Farm in North Salem, New York from actor Stanley Tucci for 3.7 million USD, and later acquired seven additional parcels of land, including a piece owned by Maurice Sendak and 27 acres owned by the town's deputy supervisor, Peter Kamenstein. They sold the property in 2019 for 5.4 million USD. They also own an apartment on the Upper East Side of Manhattan and a house in Aspen, Colorado.

Fink is a lifelong supporter of the Democratic Party.

In his 2018 annual letter to shareholders, Fink stated that other companies should be aware of their societal impact; however, anti-war organizations criticized Fink's statement because BlackRock, through its USA Aerospace & Defense ETF, became the largest investor in weapon manufacturers. In September 2018, an activist from the U.S. non-profit organization Code Pink confronted Fink on stage at the Yahoo Finance All Market Summit.

In December 2021, BlackRock partnered with a Saudi asset management company to acquire a natural gas pipeline for 15.5 billion USD, which was then leased back to Saudi Aramco.

However, Fink has consistently advocated for businesses to take action on climate change and stated in a public letter in 2022, 'Every company and every industry will undergo transformation as we transition to a net-zero world. The question is, will you lead or will you be led?'

In 2022, BlackRock was named one of America's top 'climate villains' by The Guardian due to profiting from deforestation.

Honors and Awards

2007, American Achievement Institute Gold Plate Award
2015, Conscience Appeal Award
2015, Americas Association Gold Award
2016, University of California Los Angeles Medal
2019, Charles Schwab Innovation Award