I highly disagree with this.
Why would anyone want to have a stock that's in Bubble status as 10% of a hedge fund portfolio.
Cathie Wood bought a ton more Tesla amid Tuesday's sell-off, possibly sparking turnaround
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To be fair, a ton is only a 1000. So what's the big deal. 😀
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It’s a common sense literally future is EV and Tesla is the leader of the EV sector
She may see it as the apple iPhone of the car world in the future. Elon will be supported people love him like he’s a god regardless of whether there is better stuff out there or not.
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She’s a very savvy investor. EV is the future Tesla leads the space and now with Lucid and NIO entering the market. The demand will sky rocket. California and New York will not allow gas combustion vehicles registration.
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Cathie sold a lot of Tesla a couple weeks ago when ir was near 900, so she is buying it back in a discount price , it is a matter of a couple months for it to be back at 900 again .
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