Monday, May 03, 2021 1:18:28 PM
They will be expanding into 1000s of different business. The growth story has not even started yet !
When a Fund gets over 5% off the gross weighted average of any investment they sell a certain percentage of stock to keep the portfolio balanced. This is what is referred to as money management vis a vis stock rebalancing. Hence why sometimes you see ARK has sold some shares in Tesla.
The amount of Tesla shares sold is less then 5% of the total ownership. Which is almost nothing. So once again this theory of she is always selling and then pushing buying is childish and sounds like your desperate or have no understanding of what is going on.
Remember ARK just recently purchased 150M in Tesla stock and now has over 50 billion in Tesla stock !
Sorry you find it hard to believe but it's the truth, Toyota is bent over a table and is begging Tesla for help.
https://www.caradvice.com.au/940230/tesla-to-partner-with-toyota-to-deliver-bargain-electric-suv-report/
https://www.torquenews.com/1/tesla-and-toyota-are-considering-jointly-developing-small-electric-suv-platform
https://www.auto123.com/en/news/partnership-tesla-toyota-platform-suv/68002/
Tesla Motors, Inc. (Tesla) and Toyota Motor Corporation (TMC) today announced that they intend to cooperate on the development of electric vehicles, parts, and production system and engineering support.
The two companies intend to form a team of specialists to further those efforts. TMC has agreed to purchase $50 million of Tesla’s common stock issued in a private placement to close immediately subsequent to the closing of Tesla’s currently planned initial public offering.
“I sensed the great potential of Tesla’s technology and was impressed by its dedication to monozukuri (Toyota’s approach to manufacturing),” said TMC President Akio Toyoda. “Through this partnership, by working together with a venture business such as Tesla, Toyota would like to learn from the challenging spirit, quick decision-making, and flexibility that Tesla has. Decades ago, Toyota was also born as a venture business. By partnering with Tesla, my hope is that all Toyota employees will recall that ‘venture business spirit,’ and take on the challenges of the future.”
Tesla will buyout GM & Ford in coming years ! See you at $200,000 per share by 2030 ! GLTA
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