Reward 1000 Tiger-coinsAccording to Yahoo. Finance, Natixis Investment Management overtook BlackRock to become the third largest shareholder after Musk and Vanguard, with a total stake of 6%.
- Who is Natixis?
Natixis Investment is the investment management arm of Natixis, a French international financial services group. The company offers a range of investment products and services, including stocks, bonds, ETFs, commodities and more, with assets under management totaling hundreds of billions of dollars.
The third biggest shareholder took Wall Street by surprise. A comparison of Natixis IM's latest and last quarter's 13F filings shows that
Natixis IM actually purchased 171 million shares of Tesla stock in the last three months of 2022.
If this investment were real, Natixis Investment were estimated to have gained as much as $100 billion by investing in $Tesla Motors(TSLA)$.
Tesla rebounded 74%
However, Natixis' PR department admitted that
the company had filed its 13F in error and that there was actually no significant change in its shareholding.
Where does the Tesla go? The market is divided.
Jonathan Krinsky, chief market technical analyst at U.S. investment bank BTIG, said
Tesla's "rally is basically over" and that $210-$225 would be a very strong resistance range.
On Tesla's price cut,
Wedbush analyst Dan Ives says it is a "stroke of genius", but Bank of America analyst John Murphy that it is damaging the brand image, will have a negative impact on profit margins.
As a Tesla supporter for many years, Wood's $ARK Innovation ETF(ARKK)$ also had its best monthly performance in January as it was heavily invested in Tesla. In January, Wood said: "If you had to buy one stock and hold it for 10 years, it would be Tesla."
How do you view Tesla's trend after 74% rise?
Will Tesla enter a consolidation stage?
Or will Tesla continue to go up?
Share your thoughts in the comment section and win tiger coins~
Comments
The recent price cuts is a testament that Tesla recognises it may no longer be able to sustain the premium amidst the competition. Let’s not forget that BYD has even dethroned Tesla as the no. 1 EV seller in China.
Tesla has reached a key resistance level, and with the enormous recent rally, we might see Tesla entering a consolidation stage in the coming weeks. The recent hawkish Fed comments post inflation data might spark concerns about higher interest rate which will impact growth stocks such as Tesla.
Don’t FOMO, my Tiger friends! Let’s stay calm, look for good bargains and huat together! [Grin]
First, valuation concerns. TSLA stock has had a history of high volatility. High valuation could make it vulnerable to a significant decline in the event of any negative news or developments.
Secondly, competitive landscape. TSLA operates in a highly competitive industry, with many other companies also developing EV and related technologies. TSLA may not be able to maintain its market share or competitive advantage in the face of increasing competition. The recent price cut supports these issues.
Lastly, regulatory risks. TSLA operates in a heavily regulated industry, and changes in government policies could have a significant impact on the company's operations and profitability. For example, changes in regulations related to emissions standards or tax incentives for EV could impact TSLA's sales and profitability.
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🌟🌟🌟$Tesla Motors(TSLA)$
Is one stock that is super volatile and not a stock for the faint hearted. In just 1 month, it has jumped 37% and is up 82% year to date.
Fundamentally Tesla is a profitable EV company and a leader in its industry. Elon Musk is the face of Tesla and much of its sell off is due to him and his involvement with Twitter leaving investors worried that he may lose focus on Tesla.
Nonetheless Tesla is facing macro headwinds of high inflation, rising interest rates and even the possibility of recession. There is also intense competition from other EV companies too.
In the short term, I am bearish on Tesla and believe that it is hard for the share price to go above USD 220 and it may even dip below USD 180.
However Tesla is more than an EV company. It is into batteries, self driving software and even robotics. So I am long term bullish on Tesla as I believe its growth story is not over by a long shot!
@Tiger_chat