Why Cathie Wood sold TSLA's shares at around $230 while giving PT ranging from $2,000 to $3,100 in 2029?
Mr. CEO -> “Once Tesla fully solves autonomy and has Optimus in volume production, anyone still holding a short position will be obliterated. Even Gates.”
https://x.com/elonmusk/status/1808156026123829599
He explicitly explained the reason of pump ……… he doesn't like Bill Gates LOL
EDIT:
TSLA reached 240 in pre-market yet retreated back to 233 within 2 hours … who dare to sell it ?
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Cathie Wood's Ark Invest Sells Tesla Shares Worth $14.5M Amid Rally Driven By Q2 Delivery Numbers, Picks Up Palantir Shares Again Today [02 July 2024]
Ark Invest reduced its stake in Tesla across two of its ETFs — ARK Innovation ETF and ARK Next Generation Internet ETF. The firm sold 56,425 and 6,442 shares respectively, the transaction was valued at $14.54 million. On Tuesday, Tesla shares closed 10.2% higher at $231.26, driven higher by the second-quarter delivery report of the company. The numbers came ahead of the consensus estimate.
This move comes despite Wood’s previous statements, where she referred to the Elon Musk-led automaker as the “biggest AI project” in the world and predicted the stock to reach $2,000 per share in the coming years.
As recently as June, Ark Invest set a new price target for Tesla at $2,600 for 2029, heavily revolving around the company’s autonomous vehicle ambitions.
ARK’s Expected Value For Tesla In 2029: $2,600 Per Share [12 June 2024]
https://www.ark-invest.com/articles/valuation-models/arks-tesla-price-target-2029
ARK’s updated open-source Tesla model yields an expected value of $2,600 per share in 2029. The bull and bear cases, tuned to the 75th and 25th percentile Monte Carlo outcomes, respectively, are approximately $3,100 and $2,000 per share, as shown below. This research update presents ARK’s open-source Tesla model, which incorporates distributions for 45 independent inputs to simulate a range of potential outcomes for the company and its stock.
ARK’s Price Target for Tesla in 2025 [19 March 2021]
https://www.ark-invest.com/articles/valuation-models/tesla-price-target-2
Last year, ARK estimated that in 2024 Tesla’s share price would hit $7,000 per share, or $1,400 adjusted for its five for one stock split. Based on our updated research, we now estimate that it could approach $3,000 in 2025.
# Please note the Valuation Model was published before Tesla executed a 3-for-1 stock split after market close on 24 August 2022, $1,400 should read as $466.66 effectively.
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