Tesla Trader's Wild Bet On Elon Musk's Company Ends In A $306M Lawsuit Spiral
Tesla Trader's Wild Bet On Elon Musk's Company Ends In A $306M Lawsuit Spiral
A Canadian trader, Christopher DeVocht, turned a modest investment into a staggering $306 million by betting on Elon Musk's Tesla Inc. (NASDAQ:TSLA) stock. However, he lost it all during the 2022 bear market and is now suing the Royal Bank of Canada (RBC) and Grant Thornton, alleging "inadequate advice."
加拿大交易員Christopher DeVocht通過押注特斯拉公司(納斯達克代號:TSLA)的股票,將一筆適度的投資變成了驚人的3.06億美元。然而,在2022年熊市中失去了所有資金,現正在起訴加拿大皇家銀行(RBC)和Grant Thornton,稱其提供的"建議不足"。
What Happened: DeVocht, a carpenter from Vancouver Island, Canada, capitalized on the pandemic-induced stock surge, turning his C$88,000 (approximately $65,000) investment with RBC into a C$415 million (about $306 million) fortune by November 2021, reported Business Insider.
發生了什麼: 來自加拿大溫哥華島的木匠DeVocht利用疫情引發的股市飆升,將其與RBC的8.8萬加元(約6.5萬美元)投資在2021年11月增值爲4.15億加元(約3.06億美元)的財富,據Business Insider報道。
However, DeVocht and his advisors chose to hold onto the stocks, resulting in significant losses during the 2022 bear market. DeVocht alleges that the advice he received from RBC and Grant Thornton was negligent and "inadequate," contributing to his account's staggering decline.
然而,DeVocht和他的顧問選擇持有股票,導致在2022年熊市中遭受重大損失。DeVocht聲稱,他從RBC和Grant Thornton獲得的建議是疏忽和"不足"的,導致其帳戶資金驚人地下降。
DeVocht's advisors suggested incorporating a company and rolling his securities into it to reduce his tax liabilities from the massive gains he had on paper.
DeVocht的顧問建議他成立一家公司,並將證券轉入其中,以減少他在紙面上的巨額盈利所需繳納的稅負。
He was also advised to make charitable donations to lower his tax liability, which further eroded his wealth. RBC also set up margin loan accounts for DeVocht to borrow against his concentrated Tesla stock position for spending purposes.
他還被建議進行慈善捐贈以降低稅負,這進一步侵蝕了他的財富。RBC還爲DeVocht建立了按金貸款帳戶,供他用於消費,借貸的抵押是其集中持有的特斯拉股票。
DeVocht's lawsuit filing is an initial notice of claim and did not include evidence like brokerage account statements to prove his gains or losses.
DeVocht的訴訟文件是一份索賠的初始通知,並未包括券商帳戶結單等證據以證明他的盈利或虧損。
Why It Matters: The Tesla stock has been a subject of significant market activity in recent times. In September, traders were looking at the next big catalyst for a bullish thesis, with three major events coming up in early October, including the Fed's meeting and first rate cut.
爲什麼重要: 特斯拉股票最近一直受到市場活動的關注。在9月,交易員們在關注下一個看好理論的重要催化劑,包括10月初的三個重要事件,其中包括聯儲局的會議和首次減息。
Despite the stock's plunge in October, Tesla's third-quarter deliveries exceeded consensus and grew year-over-year. The company also dropped the rear-wheel drive (RWD) variants of the Model 3 and Model Y in Canada, following a similar move in the U.S.
儘管特斯拉股票在10月份暴跌,但其第三季度交付量超出共識並同比增長。該公司還在加拿大刪除了Model 3和Model Y的後輪驅動(RWD)版本,這一舉措與美國的情況相似。
Analysts believe that Tesla's highly anticipated Robotaxi Day could be a significant catalyst for the stock, with several unannounced items potentially driving the stock even further.
分析師認爲,特斯拉備受期待的Robotaxi日可能是股票的重要催化劑,幾項未公佈的項目可能進一步推動股價。
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Image Via Shutterstock
圖片來自Shutterstock。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
本報道使用Benzinga Neuro生成,並由Kaustubh Bagalkote