Even the female stock gods have begun to sell, is Tesla exhausted?
He became famous by focusing on Tesla, and the founder of the Ark Investment Company, known as the "women stock god" and "women Buffett," "Wood sister" Casey Wood has always been a firm vocalist in technology stocks, but recently it has been exposed. Frequent sell-offs of Tesla (NASDAQ:TSLA) stocks.
Mu Sister sells Tesla
It is reported that Ms. Mu's fund sold more than 81,600 Tesla shares on Wednesday, which was valued at approximately $62 million based on the closing price.
This is the fourth time that Ms. Mu has sold Tesla shares this month. Last Wednesday and Thursday, Ark Investment sold 183,648 shares of Tesla for two consecutive days, cashing out approximately US$138.5 million. This Tuesday, the company sold 88,924 shares of Tesla stock, cashing out about 66.2 million US dollars.
With the addition of Wednesday's transaction, Ms. Mu has sold more than 350,000 shares of Tesla, for a total of about 267 million U.S. dollars.
Sister Mu's routine operation
Sister Mu Mu has always been a diehard fan of Tesla. Before, Ms. Mu had given Tesla a target price of soaring to $3,000 in 2025, and Tesla's market value will reach an astonishing $3 trillion. Even in the bear market, Ms. Mu also predicted Tess. The pull will reach $1,500, and the bull market will soar to $4,000.
Although Ms. Mu did not explain the reason for selling Tesla, she once stated on CNBC in 2020 that she likes to operate back and forth when Tesla's stock price fluctuates, occasionally making profits, and occasionally buying on dips.
Tesla's stock price began to fall after reaching a historic high of US$900.4 in January this year. It fell to US$546.98 on May 19, and then began to rebound. As of Wednesday’s close, Tesla’s share price was 755.83, a cumulative increase from the May low. Rebound by 38%.
Therefore, this may be just a routine operation of Ms. Mu Jie’s Ark Automation Technology and Robotic ETF, Ark Innovation ETF and Ark Next Generation Internet ETF all have Tesla as the largest stock. After Wednesday’s sell-off, these three funds still hold Tesla nearly 4.16 million shares, valued at approximately 3.14 billion U.S. dollars.
The financial report is eye-catching, but the supply chain problem is severe
Previously, Tesla released a beautiful second-quarter financial report. Tesla's revenue in the second quarter was US$11.958 billion, a year-on-year increase of 98%. Net profit was US$1.142 billion, a year-on-year increase of 998%, compared with US$438 million in the first quarter, an increase of nearly 200%. Tesla's gross profit margin has also risen from 24.1% to 28.4%. This kind of data is really disproportionate among auto companies.
During the quarter, Tesla produced 206,000 vehicles and delivered 201,000 vehicles. The high probability of the difference of 5,000 vehicles is in the process of circulation, which can basically be said to be sold as much as they are produced. From the official website of the United States and China, we can also see that the delivery time of Tesla models generally still takes a few weeks, and the standard battery life Model Y that has just been launched in China has not yet begun production. It can be said that for a long time in the future, Tes Pull production capacity is in short supply. This is mainly due to the tight supply of auto parts such as chips, which will affect Tesla's revenue to a certain extent.
