Ark Invest founder Cathie Wood has long been bullish on Tesla. Though, recent selloffs of the automaker’s shares have elicited some concerns from onlookers. Recently, however, Wood discussed her reasoning for selling shares, adding that she’s still deadset on Tesla’s long-term success and that the investment firm’s confidence in the company … [continued]
Production of the Tesla Cybertruck is on its way, and with the Model Y surpassing an important sales milestone in the first quarter, becoming the best selling car in the world, some wonder if the futuristic truck could reach similar highs. As experts debate whether the Cybertruck will reach meteoric … [continued]
Cathie Wood, CEO of investment management firm ARK Invest, has long been bullish on Tesla. Wood recently explained why she thinks Tesla’s stock could hit at least $2,000 by 2027, representing “one of the most important investment opportunities of our lifetimes.” Wood expects Tesla’s Full Self-Driving (FSD) beta to someday … [continued]
As the auto industry faces some of the harshest effects of the Federal Reserve’s rising interest rates to battle inflation, Tesla CEO Elon Musk and others are warning the public about the potential for a major financial crisis in the auto industry. Musk tweeted that a delicate situation with auto … [continued]
Stocks overall are facing a bear market coinciding with recent signs of economic downturn, and even Tesla’s shares haven’t been immune to the effects. Furthermore, Elon Musk recently let go of more Tesla shares (presumably, to fund Twitter). Meanwhile, though, one bullish firm recently stocked up — leaving some investors … [continued]
Elon Musk’s electric vehicle company has been making waves in the wealth world in recent years. The automaker’s market capitalization creeping its way towards the trillion dollar mark, and some analysts believe it may someday quadruple its current levels. Tesla’s market capitalization could reach as high as $4 trillion by 2030 … [continued]
I saw an interesting tweet by Sam Korus from ARK Invest yesterday. He shared that gas-powered car sales in China were down around 4% in 2021, while battery electric vehicle sales were up ~145%. He pointed out that China’s passenger auto sales were up 4.4% to a total of 20.1 … [continued]
Some of the eVTOLs will end up in billionaire’s stables, along with their other rarely used toys such as Bugattis, but they can afford to be frivolous.
As you may recall, I recently wrote about Tesla’s 3rd quarter sales being much better than some of its competitors in terms of year-over-year change — especially GM’s. Despite the chip shortage, Tesla announced record sales in Q3, while GM and a few other automakers saw big drops in their … [continued]
Originally posted on EVANNEX. By Charles Morris “Money manager” may not sound like the most glamorous of job descriptions, but talking about Tesla often seems to make even the most analytical of financial experts wax poetic. More than a few money managers have earned a measure of stardom delivering colorful opinions — … [continued]
