Tesla Gets Tagged With Once-Unthinkable Call: Sales Will Fall
#teslastock
Tesla Inc. is no longer a red-hot growth stock. CEO Elon Musk has said as much.
Shares of the company reacted appropriately, dropping 4.5% to close at a 10-month low of $169.5 on Wednesday. The stock has now fallen 32% this year, missing out on a broader rally that has pushed the S&P 500 Index up 8.3%.
The reason is clear: Tesla’s ability to grow at the furious pace that its expensive valuation promises is no longer a guarantee.
Source: Bloomberg
Cathie Wood Dumps Shares of Top Cryptocurrency Stock
#coinbase #cathiewood
Known to her devotees as Mama Cathie, Wood, head of Ark Investment Management, rocketed to prominence thanks to a stupendous return of 153% in 2020 and clear presentations of her investment philosophy in ubiquitous media appearances.
On Tuesday, Ark funds sold 106,000 shares of Coinbase Global, the country’s largest cryptocurrency exchange, worth $27.2 million as of that da
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