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05-15

Elon deserves the pay package

Tesla Board Rallies Retail Investors to Vote for Musk's $56 Billion Pay Package

04-30

$Tesla Motors(TSLA)$ Tesla will be over $200 soon, and FSD is the future direction for cars. A mature FSD can significantly reduce human errors and enhance road safety.

04-03

I support her stance.

Cathie Wood of ARK Invest Defends Her $2,000 Share-Price Target on Tesla

Go to Tiger App to see more news

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To bolster the campaign, the adviser is working with an outside law firm, the person said.</p><p style=\"text-align: start;\">The adviser has set up a dedicated Vote Tesla website to encourage participation among retail investors, who hold an estimated 42% of shares in the company. It urges shareholders to cast votes online, by QR code, by phone and by mail. It also features a video with board Chair Robyn Denholm, who says supporting Musk’s pay is critical to Tesla’s growth.</p><p>That&#39;s all ahead of Tesla’s June 13 annual meeting, when investors in the electric-car maker will vote on whether to uphold a 2018 compensation agreement. A Delaware judge vetoed the package three months ago, writing in her opinion that Tesla directors hadn’t looked out for the best interests of investors.</p><p>“We don’t believe one judge’s opinion should void the will of millions of votes cast by all of the owners,” Denholm says in the video on the Vote Tesla website.</p><p>While the vote is only advisory, it could have big implications for the future of Musk’s leadership. Securing majority approval would bolster the board’s arguments that the Delaware court was wrong. A loss would be a major embarrassment.</p><p>Musk has threatened to develop products outside of Tesla if he doesn’t attain at least a 25% equity stake in the carmaker — a key part of the voided pay package. If the remuneration deal is reinstated, the CEO has enough options to almost double his current holding in Tesla and land at roughly 21%. The path for Musk to attain that larger stake becomes unclear if shareholders don’t vote it through.</p><p>On Musk’s social media platform X, Tesla fans have been voicing their support for the CEO. In hundreds of posts tagged #VotedTesla24, many users who say they’re investors claim to have already cast their ballots. Musk himself has urged shareholders to participate, reposting messages from people like self-described “Fangirl of Elon,” Alexandra Merz.</p><p>Merz, a Santa Barbara, California, resident known as “Tesla Boomer Mama” on X, has created tools to help Tesla shareholders write to large index funds and ask to vote shares that may be held in retirement accounts or other accounts they don’t manage directly.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/35fdd4577995803beaa2db13819bb070\" tg-width=\"826\" tg-height=\"1229\"/></p><p>“I want to make sure that retail investors vote,” Merz said by phone. “But I also want people to reach out to their fund managers.” (Some brokers outside of the US don’t allow retail shareholders to vote.)</p><p style=\"text-align: start;\">Even with Musk fans rallying for support, the board still has work to do to win the vote. Typically, few retail investors actually vote at annual meetings.</p><p style=\"text-align: start;\">At least one large retail investor, Leo KoGuan, has said he won’t support the pay deal. He’s also publicly railed against the way Musk has been managing Tesla, which seems to have also unsettled the market at large.</p><p style=\"text-align: start;\">Tesla’s financial performance has been flagging amid a global slowdown in electric vehicle sales. Days before the company asked shareholders in a filing to support Musk’s $56 billion pay deal, Tesla said it was cutting global headcount by more than 10%.</p><p style=\"text-align: start;\">Meanwhile, a series of top executives have left Tesla as it’s shifted focus to building autonomous robotaxis over more affordable EVs. The stock has fallen 29% so far this year, compared to a 10% gain in the S&amp;P 500.</p><p style=\"text-align: start;\">Singapore-based KoGuan, a billionaire businessman, has long been a big admirer of Musk. But he’s grown increasingly wary of the entrepreneur’s many commitments — SpaceX, Neuralink, X and more — and said his job at Tesla shouldn’t merely be a way to bankroll other business ventures.</p><p style=\"text-align: start;\">“The court had spoken and many facts came out,” KoGuan, who owns about 0.8% of Tesla, said in an email. “He has to respect and obey the court’s decision.”</p><p>KoGuan said he’ll also vote no on a separate proposal to move Tesla’s corporate domicile to Texas from Delaware, where the judge struck down Musk’s pay deal. Tesla already moved its corporate headquarters to the Lone Star state from California in December 2021. This week, the company said it’s running sponsored ads to vote for both proposals.</p><p style=\"text-align: start;\">The board’s strategic adviser that set up the Vote Tesla website is also helping the company liaise with large asset managers, people familiar with the matter said. Those investors hold roughly 46% of the company’s shares, down from about 70% when the first vote was held back in 2018, according to data compiled by Bloomberg.</p><p style=\"text-align: start;\">Observers will closely watch the impending recommendations by proxy advisory firms Institutional Shareholder Services Inc. and Glass Lewis &amp; Co., which are widely believed to have some impact on how votes are cast, particularly for shares held in passive funds.</p><p style=\"text-align: start;\">After Musk himself, Tesla’s largest investors are Vanguard and BlackRock, which hold shares in myriad active and passive funds. Representatives for both asset managers declined to comment, citing company policy on publicizing votes before annual meetings.</p><p style=\"text-align: start;\">The Tesla board won the 2018 pay vote with 73% of votes cast supported the deal, but the situation may be tougher now.</p><p style=\"text-align: start;\">Shareholders who held stock six years ago have seen the value of their equity soar as Musk met one pay condition after another. He ultimately earned the last of his options in the second quarter of 2021 after the value of Tesla soared above $650 billion. It later peaked at about $1.2 trillion.</p><p style=\"text-align: start;\">Now, Tesla’s market capitalization sits at less than $600 billion. Musk has attracted new critics as the owner of X, where he frequently posts controversial political opinions and attacks the media.</p><p style=\"text-align: start;\">Still, there’s no clear executive to take the place of Musk, who’s widely seen as the driver behind its transformation from a scrappy Silicon Valley startup to the world’s most valuable automaker. On social media, shareholders have been praising his contributions to the company as they urge others to vote for the pay deal.</p><p style=\"text-align: start;\">“It&#39;s not much, but I did what I could!” one X user wrote on May 11, posting a screenshot of their vote confirmation. “The people are with you, @elonmusk!”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Board Rallies Retail Investors to Vote for Musk's $56 Billion Pay Package</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Board Rallies Retail Investors to Vote for Musk's $56 Billion Pay Package\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-15 19:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-board-rallies-retail-investors-102216177.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Directors have hired an adviser and launched a website to secure the CEO’s compensation.Vehicles at a Tesla store in Colma, California.Tesla Inc. is looking to woo its unusually large base of retail ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-board-rallies-retail-investors-102216177.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4581":"高盛持仓","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4511":"特斯拉概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4548":"巴美列捷福持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","BK4592":"伊斯兰概念","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","BK4585":"ETF&股票定投概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4555":"新能源车","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","TSLA":"特斯拉","LU2063271972.USD":"富兰克林创新领域基金","LU0823414478.USD":"法巴经典能源转换基金","BK4527":"明星科技股","BK4588":"碎股","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4574":"无人驾驶"},"source_url":"https://finance.yahoo.com/news/tesla-board-rallies-retail-investors-102216177.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2435633377","content_text":"Directors have hired an adviser and launched a website to secure the CEO’s compensation.Vehicles at a Tesla store in Colma, California.Tesla Inc. is looking to woo its unusually large base of retail investors to get approval for Chief Executive Officer Elon Musk’s $56 billion pay package.To help lead that drive, the company's board has hired a strategic adviser, according to a person familiar with the matter. To bolster the campaign, the adviser is working with an outside law firm, the person said.The adviser has set up a dedicated Vote Tesla website to encourage participation among retail investors, who hold an estimated 42% of shares in the company. It urges shareholders to cast votes online, by QR code, by phone and by mail. It also features a video with board Chair Robyn Denholm, who says supporting Musk’s pay is critical to Tesla’s growth.That's all ahead of Tesla’s June 13 annual meeting, when investors in the electric-car maker will vote on whether to uphold a 2018 compensation agreement. A Delaware judge vetoed the package three months ago, writing in her opinion that Tesla directors hadn’t looked out for the best interests of investors.“We don’t believe one judge’s opinion should void the will of millions of votes cast by all of the owners,” Denholm says in the video on the Vote Tesla website.While the vote is only advisory, it could have big implications for the future of Musk’s leadership. Securing majority approval would bolster the board’s arguments that the Delaware court was wrong. A loss would be a major embarrassment.Musk has threatened to develop products outside of Tesla if he doesn’t attain at least a 25% equity stake in the carmaker — a key part of the voided pay package. If the remuneration deal is reinstated, the CEO has enough options to almost double his current holding in Tesla and land at roughly 21%. The path for Musk to attain that larger stake becomes unclear if shareholders don’t vote it through.On Musk’s social media platform X, Tesla fans have been voicing their support for the CEO. In hundreds of posts tagged #VotedTesla24, many users who say they’re investors claim to have already cast their ballots. Musk himself has urged shareholders to participate, reposting messages from people like self-described “Fangirl of Elon,” Alexandra Merz.Merz, a Santa Barbara, California, resident known as “Tesla Boomer Mama” on X, has created tools to help Tesla shareholders write to large index funds and ask to vote shares that may be held in retirement accounts or other accounts they don’t manage directly.“I want to make sure that retail investors vote,” Merz said by phone. “But I also want people to reach out to their fund managers.” (Some brokers outside of the US don’t allow retail shareholders to vote.)Even with Musk fans rallying for support, the board still has work to do to win the vote. Typically, few retail investors actually vote at annual meetings.At least one large retail investor, Leo KoGuan, has said he won’t support the pay deal. He’s also publicly railed against the way Musk has been managing Tesla, which seems to have also unsettled the market at large.Tesla’s financial performance has been flagging amid a global slowdown in electric vehicle sales. Days before the company asked shareholders in a filing to support Musk’s $56 billion pay deal, Tesla said it was cutting global headcount by more than 10%.Meanwhile, a series of top executives have left Tesla as it’s shifted focus to building autonomous robotaxis over more affordable EVs. The stock has fallen 29% so far this year, compared to a 10% gain in the S&P 500.Singapore-based KoGuan, a billionaire businessman, has long been a big admirer of Musk. But he’s grown increasingly wary of the entrepreneur’s many commitments — SpaceX, Neuralink, X and more — and said his job at Tesla shouldn’t merely be a way to bankroll other business ventures.“The court had spoken and many facts came out,” KoGuan, who owns about 0.8% of Tesla, said in an email. “He has to respect and obey the court’s decision.”KoGuan said he’ll also vote no on a separate proposal to move Tesla’s corporate domicile to Texas from Delaware, where the judge struck down Musk’s pay deal. Tesla already moved its corporate headquarters to the Lone Star state from California in December 2021. This week, the company said it’s running sponsored ads to vote for both proposals.The board’s strategic adviser that set up the Vote Tesla website is also helping the company liaise with large asset managers, people familiar with the matter said. Those investors hold roughly 46% of the company’s shares, down from about 70% when the first vote was held back in 2018, according to data compiled by Bloomberg.Observers will closely watch the impending recommendations by proxy advisory firms Institutional Shareholder Services Inc. and Glass Lewis & Co., which are widely believed to have some impact on how votes are cast, particularly for shares held in passive funds.After Musk himself, Tesla’s largest investors are Vanguard and BlackRock, which hold shares in myriad active and passive funds. Representatives for both asset managers declined to comment, citing company policy on publicizing votes before annual meetings.The Tesla board won the 2018 pay vote with 73% of votes cast supported the deal, but the situation may be tougher now.Shareholders who held stock six years ago have seen the value of their equity soar as Musk met one pay condition after another. He ultimately earned the last of his options in the second quarter of 2021 after the value of Tesla soared above $650 billion. It later peaked at about $1.2 trillion.Now, Tesla’s market capitalization sits at less than $600 billion. Musk has attracted new critics as the owner of X, where he frequently posts controversial political opinions and attacks the media.Still, there’s no clear executive to take the place of Musk, who’s widely seen as the driver behind its transformation from a scrappy Silicon Valley startup to the world’s most valuable automaker. On social media, shareholders have been praising his contributions to the company as they urge others to vote for the pay deal.“It's not much, but I did what I could!” one X user wrote on May 11, posting a screenshot of their vote confirmation. “The people are with you, @elonmusk!”","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":300635476733976,"gmtCreate":1714416752104,"gmtModify":1714417112823,"author":{"id":"4169423595124952","authorId":"4169423595124952","authorIdStr":"4169423595124952","name":"燕雁","avatar":"https://community-static.tradeup.com/news/2716b22a8b11b89e0009d9395141013e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4169423595124952"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> Tesla will be over $200 soon, and FSD is the future direction for cars. A mature FSD can significantly reduce human errors and enhance road safety. &nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> Tesla will be over $200 soon, and FSD is the future direction for cars. A mature FSD can significantly reduce human errors and enhance road safety. &nbsp;","text":"$Tesla Motors(TSLA)$ Tesla will be over $200 soon, and FSD is the future direction for cars. A mature FSD can significantly reduce human errors and enhance road safety.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300635476733976","isVote":1,"tweetType":1,"viewCount":115,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":291358154510640,"gmtCreate":1712158375654,"gmtModify":1712159082482,"author":{"id":"4169423595124952","authorId":"4169423595124952","authorIdStr":"4169423595124952","name":"燕雁","avatar":"https://community-static.tradeup.com/news/2716b22a8b11b89e0009d9395141013e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4169423595124952"},"themes":[],"htmlText":"I support her stance.","listText":"I support her stance.","text":"I support her stance.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/291358154510640","repostId":"2424441218","repostType":2,"repost":{"id":"2424441218","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1712157487,"share":"https://ttm.financial/m/news/2424441218?lang=&edition=fundamental","pubTime":"2024-04-03 23:18","market":"sh","language":"en","title":"Cathie Wood of ARK Invest Defends Her $2,000 Share-Price Target on Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2424441218","media":"Dow Jones","summary":"\"We think that the robotaxi opportunity globally will deliver $8 [trillion] to $10 trillion in revenue by 2030 and is one of the most important investment opportunities of our lifetimes.\" Cathie Wood on her unflagging support for Tesla stock. That's Cathie Wood, founder and chief of ARK Invest, explaining why she still has a price target of $2,000 a share for Tesla Inc. despite the company's recent troubles.Wood discussed her bullish case for Tesla during an interview with CNBC on Wednesday, saying, \"Now is not the time to run for the hills,\" even as Tesla shares have fallen more than 30% since the start of 2024.The company is poised for a turnaround, as in a few years, electric cars and trucks will comprise 80% of all vehicle sales, Wood said. Wood has been a faithful Tesla bull for years, and once had a price target of $5,000 a share for the stock.The Nigerian naira  was abruptly devalued by more than 50% in February to a record low against the U.S. dollar, the second major devaluati","content":"<html><head></head><body><p>&#34;We think that the robotaxi opportunity globally will deliver $8 [trillion] to $10 trillion in revenue by 2030 and is one of the most important investment opportunities of our lifetimes.&#34; Cathie Wood on her unflagging support for Tesla stock.</p><p>That&#39;s Cathie Wood, founder and chief of ARK Invest, explaining why she still has a price target of $2,000 a share for Tesla Inc. despite the company&#39;s recent troubles.</p><p>Wood discussed her bullish case for Tesla during an interview with CNBC on Wednesday, saying, &#34;Now is not the time to run for the hills,&#34; even as Tesla shares have fallen more than 30% since the start of 2024.</p><p>The company is poised for a turnaround, as in a few years, electric cars and trucks will comprise 80% of all vehicle sales, Wood said. Wood has been a faithful Tesla bull for years, and once had a price target of $5,000 a share for the stock.</p><p>She pegged her bull case to Tesla&#39;s plans to roll out a robotaxi, which could drive up to $10 trillion in revenue by 2030, she said, adding that the robotaxi could &#34;save lives.&#34;</p><p>Her firm, ARK Invest, bought millions of dollars worth of Tesla shares over the past week ahead of a dismal first-quarter sales report that pushed the value of those shares even lower.</p><p>Tesla shares are down 33% so far this year at $166.34 a share in early Wednesday trade, according to FactSet data. Wood&#39;s <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> ARKK is down 9.4% year-to-date at $47.47 a share, while her ARK Autonomous Technology &amp; Robotics ETF ARKQ is down 7.8% at $53.22. The <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a> ARKW is up 5.5% at $80.05 a share. All three funds have Tesla as a top holding.</p><p>On Tuesday, Tesla shares fell nearly 5% after the company revealed that it delivered fewer new vehicles than Wall Street analysts had expected during the first quarter. What&#39;s more, the number of vehicles delivered actually shrank compared with the same period a year earlier.</p><p>Wood also touched on the topic of bitcoin&#39;s recent record-setting rally. She cited a rash of currency devaluations around the world as underappreciated contributors to the cryptocurrency&#39;s advance.</p><p>&#34;There is something else going on around the world. There are currency devaluations around the world that people aren&#39;t talking about,&#34; Wood said.</p><p>On March 14, bitcoin hit a record high north of $73,000 a coin, according to FactSet data. Many analysts attributed the cryptocurrency&#39;s latest bull run to the launch of a flurry of spot-bitcoin ETFs, including the <a href=\"https://laohu8.com/S/ARKB\">ARK 21Shares Bitcoin ETF</a>, which had more than $2.5 billion in assets as of Tuesday&#39;s close, according to ARK&#39;s website.</p><p>The Nigerian naira (USDNGN) was abruptly devalued by more than 50% in February to a record low against the U.S. dollar, the second major devaluation in a year. The African currency has since clawed back some of that weakness and traded at 1,289 naira to the greenback early Wednesday.</p><p>Egypt&#39;s currency, the Egyptian pound (USDEGP), abruptly fell by 40% against the buck last month amid a shortage of foreign currency. Earlier this year, the Argentine peso was devalued by more than 50% by newly installed President Javier Milei earlier this year.</p><p>She also pointed to the fact that bitcoin rallied last year as a handful of regional banks in the U.S. collapsed, sparking a short-lived panic that had global ramifications.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood of ARK Invest Defends Her $2,000 Share-Price Target on Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood of ARK Invest Defends Her $2,000 Share-Price Target on Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-04-03 23:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>&#34;We think that the robotaxi opportunity globally will deliver $8 [trillion] to $10 trillion in revenue by 2030 and is one of the most important investment opportunities of our lifetimes.&#34; Cathie Wood on her unflagging support for Tesla stock.</p><p>That&#39;s Cathie Wood, founder and chief of ARK Invest, explaining why she still has a price target of $2,000 a share for Tesla Inc. despite the company&#39;s recent troubles.</p><p>Wood discussed her bullish case for Tesla during an interview with CNBC on Wednesday, saying, &#34;Now is not the time to run for the hills,&#34; even as Tesla shares have fallen more than 30% since the start of 2024.</p><p>The company is poised for a turnaround, as in a few years, electric cars and trucks will comprise 80% of all vehicle sales, Wood said. Wood has been a faithful Tesla bull for years, and once had a price target of $5,000 a share for the stock.</p><p>She pegged her bull case to Tesla&#39;s plans to roll out a robotaxi, which could drive up to $10 trillion in revenue by 2030, she said, adding that the robotaxi could &#34;save lives.&#34;</p><p>Her firm, ARK Invest, bought millions of dollars worth of Tesla shares over the past week ahead of a dismal first-quarter sales report that pushed the value of those shares even lower.</p><p>Tesla shares are down 33% so far this year at $166.34 a share in early Wednesday trade, according to FactSet data. Wood&#39;s <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> ARKK is down 9.4% year-to-date at $47.47 a share, while her ARK Autonomous Technology &amp; Robotics ETF ARKQ is down 7.8% at $53.22. The <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a> ARKW is up 5.5% at $80.05 a share. All three funds have Tesla as a top holding.</p><p>On Tuesday, Tesla shares fell nearly 5% after the company revealed that it delivered fewer new vehicles than Wall Street analysts had expected during the first quarter. What&#39;s more, the number of vehicles delivered actually shrank compared with the same period a year earlier.</p><p>Wood also touched on the topic of bitcoin&#39;s recent record-setting rally. She cited a rash of currency devaluations around the world as underappreciated contributors to the cryptocurrency&#39;s advance.</p><p>&#34;There is something else going on around the world. There are currency devaluations around the world that people aren&#39;t talking about,&#34; Wood said.</p><p>On March 14, bitcoin hit a record high north of $73,000 a coin, according to FactSet data. Many analysts attributed the cryptocurrency&#39;s latest bull run to the launch of a flurry of spot-bitcoin ETFs, including the <a href=\"https://laohu8.com/S/ARKB\">ARK 21Shares Bitcoin ETF</a>, which had more than $2.5 billion in assets as of Tuesday&#39;s close, according to ARK&#39;s website.</p><p>The Nigerian naira (USDNGN) was abruptly devalued by more than 50% in February to a record low against the U.S. dollar, the second major devaluation in a year. The African currency has since clawed back some of that weakness and traded at 1,289 naira to the greenback early Wednesday.</p><p>Egypt&#39;s currency, the Egyptian pound (USDEGP), abruptly fell by 40% against the buck last month amid a shortage of foreign currency. Earlier this year, the Argentine peso was devalued by more than 50% by newly installed President Javier Milei earlier this year.</p><p>She also pointed to the fact that bitcoin rallied last year as a handful of regional banks in the U.S. collapsed, sparking a short-lived panic that had global ramifications.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4550":"红杉资本持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4551":"寇图资本持仓","BK4574":"无人驾驶","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","TSLA":"特斯拉","BK4581":"高盛持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4511":"特斯拉概念","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","ARKK":"ARK Innovation ETF","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","ARKQ":"ARK Autonomous Technology & Robotics ETF","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","TSLL":"Direxion Daily TSLA Bull 2X Shares","ARKW":"ARK Next Generation Internation ETF","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4592":"伊斯兰概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4534":"瑞士信贷持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2063271972.USD":"富兰克林创新领域基金","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4527":"明星科技股"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2424441218","content_text":"\"We think that the robotaxi opportunity globally will deliver $8 [trillion] to $10 trillion in revenue by 2030 and is one of the most important investment opportunities of our lifetimes.\" Cathie Wood on her unflagging support for Tesla stock.That's Cathie Wood, founder and chief of ARK Invest, explaining why she still has a price target of $2,000 a share for Tesla Inc. despite the company's recent troubles.Wood discussed her bullish case for Tesla during an interview with CNBC on Wednesday, saying, \"Now is not the time to run for the hills,\" even as Tesla shares have fallen more than 30% since the start of 2024.The company is poised for a turnaround, as in a few years, electric cars and trucks will comprise 80% of all vehicle sales, Wood said. Wood has been a faithful Tesla bull for years, and once had a price target of $5,000 a share for the stock.She pegged her bull case to Tesla's plans to roll out a robotaxi, which could drive up to $10 trillion in revenue by 2030, she said, adding that the robotaxi could \"save lives.\"Her firm, ARK Invest, bought millions of dollars worth of Tesla shares over the past week ahead of a dismal first-quarter sales report that pushed the value of those shares even lower.Tesla shares are down 33% so far this year at $166.34 a share in early Wednesday trade, according to FactSet data. Wood's ARK Innovation ETF ARKK is down 9.4% year-to-date at $47.47 a share, while her ARK Autonomous Technology & Robotics ETF ARKQ is down 7.8% at $53.22. The ARK Next Generation Internet ETF ARKW is up 5.5% at $80.05 a share. All three funds have Tesla as a top holding.On Tuesday, Tesla shares fell nearly 5% after the company revealed that it delivered fewer new vehicles than Wall Street analysts had expected during the first quarter. What's more, the number of vehicles delivered actually shrank compared with the same period a year earlier.Wood also touched on the topic of bitcoin's recent record-setting rally. She cited a rash of currency devaluations around the world as underappreciated contributors to the cryptocurrency's advance.\"There is something else going on around the world. There are currency devaluations around the world that people aren't talking about,\" Wood said.On March 14, bitcoin hit a record high north of $73,000 a coin, according to FactSet data. Many analysts attributed the cryptocurrency's latest bull run to the launch of a flurry of spot-bitcoin ETFs, including the ARK 21Shares Bitcoin ETF, which had more than $2.5 billion in assets as of Tuesday's close, according to ARK's website.The Nigerian naira (USDNGN) was abruptly devalued by more than 50% in February to a record low against the U.S. dollar, the second major devaluation in a year. The African currency has since clawed back some of that weakness and traded at 1,289 naira to the greenback early Wednesday.Egypt's currency, the Egyptian pound (USDEGP), abruptly fell by 40% against the buck last month amid a shortage of foreign currency. Earlier this year, the Argentine peso was devalued by more than 50% by newly installed President Javier Milei earlier this year.She also pointed to the fact that bitcoin rallied last year as a handful of regional banks in the U.S. collapsed, sparking a short-lived panic that had global ramifications.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":306165678534704,"gmtCreate":1715782641422,"gmtModify":1715783428812,"author":{"id":"4169423595124952","authorId":"4169423595124952","authorIdStr":"4169423595124952","name":"燕雁","avatar":"https://community-static.tradeup.com/news/2716b22a8b11b89e0009d9395141013e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4169423595124952"},"themes":[],"htmlText":"Elon deserves the pay package&nbsp;","listText":"Elon deserves the pay package&nbsp;","text":"Elon deserves the pay package","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/306165678534704","repostId":"2435633377","repostType":2,"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":300635476733976,"gmtCreate":1714416752104,"gmtModify":1714417112823,"author":{"id":"4169423595124952","authorId":"4169423595124952","authorIdStr":"4169423595124952","name":"燕雁","avatar":"https://community-static.tradeup.com/news/2716b22a8b11b89e0009d9395141013e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4169423595124952"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> Tesla will be over $200 soon, and FSD is the future direction for cars. A mature FSD can significantly reduce human errors and enhance road safety. &nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> Tesla will be over $200 soon, and FSD is the future direction for cars. A mature FSD can significantly reduce human errors and enhance road safety. &nbsp;","text":"$Tesla Motors(TSLA)$ Tesla will be over $200 soon, and FSD is the future direction for cars. A mature FSD can significantly reduce human errors and enhance road safety.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300635476733976","isVote":1,"tweetType":1,"viewCount":115,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":291358154510640,"gmtCreate":1712158375654,"gmtModify":1712159082482,"author":{"id":"4169423595124952","authorId":"4169423595124952","authorIdStr":"4169423595124952","name":"燕雁","avatar":"https://community-static.tradeup.com/news/2716b22a8b11b89e0009d9395141013e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4169423595124952"},"themes":[],"htmlText":"I support her stance.","listText":"I support her stance.","text":"I support her stance.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/291358154510640","repostId":"2424441218","repostType":2,"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}