TESLA - a new paradigm

Bullish analyst Dan Ives has a story around TESLA. A new paradigm shift.

Here is the video where he's selling his bullshit: Yahoo Finance

What is the new paradigm?

I think there is a misperception on retail investors and institutions [on Tesla]. I have talked to more institutional investors the last six months on Tesla than the last six years because the story has changed fundamentally, and profitability wise.

You need to start focusing on the market [electric vehicle] and on the indexing of the S&P 500. It has changed the game a bit. Of course there is retail [investor] momentum, no doubt. I think there is a bit of a misperception that it’s all retail. I believe there is a strong institutional support there because there has been a change in the fundamental story of Tesla.

 
Meanwhile, Tesla’s top five institutional shareholders is a who’s who of credibility (according to Bloomberg data): Ballie Gifford, Capital Group, Vanguard, BlackRock and FMR. Smaller institutions such as ARK Invest Management, Legal & General Group and Northern Trust have all added to their Tesla holdings since June 30, according to regulatory filings.

OK so what's the paradigm? Well, none! Except there are institutional and retailers invested in the stock. Ok, thanks for the info, we already know that.

You see one heck of of an institutional bull cited: Ark Investment. I did already post a video on the blog where these analysts have a crazy price target for the stock: 15.000$ a share.

PS: As anticipated, the TESLA stock split did nothing to the stock; it did what it does every day: go up 10%. What about tomorrow? I can tell you what will happen: the stock will go up 10%. And after tomorrow? Again, 10%.

See you next time