$Tesla Motors(TSLA)$For those who are wondering what caused the latest dip, it is not because it has met resistance at $762, but because people heard Cathie Woods and a few insiders have sold off their tesla shares. Their first reaction would be to follow suit and sell, thinking if the big names in the market can't trust tesla, how can I have the trust to put my money into tesla? But let's take a step back and analyse why did she sell tesla. Did she dump all the holdings in tesla? The answer is no. She still holds about 4 billion in tesla and her recent sell-off only amounts to about 3% of her total holdings. What about the other insiders? Did they sell off their holdings to leave a sinking ship? The answer is again no. They exercised their option to sell to generate some cash flow. As long as the company is still innovative and being the pioneer of the EV future, I'll maintain my conviction in this company.
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