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When buying ICE cars, most people ask about power, fuel consumption, roominess, build quality, price, servicing, and a few other personally essential aspects. For those who think it works the same way for EVs, I must tell you that this will not suffice. Electric cars demand a completely different set of concerns. You should know them before making a decision. ....
Chamath Admits He Sold His Tesla Position Just Months After Saying "Don't Sell A Share" On CNBC zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
by Tyler Durden Monday, Apr 26, 2021 - 09:00 AM We ve been documenting Cathie Wood s adventures in active management over at ARK Invest for the better part of the last year and a half now. What started as a look into how the law of large numbers and Wood s popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China. Most recently, we ve written about Wood for several reasons: the first is that she was backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught holding the hot potato . The link drew obvious comparisons, although we re certain Wood isn t emplo ....
by Tyler Durden It appears the crowd over at WallStreetBets may be as relentless as they are oblivious. Shares of Clover Health - most recently known for plunging after noted short seller Hindenburg Research accused the company, and its resident advocate Chamath Palihapitiya, of failing to disclose a DOJ inquiry before going public - were up as much as 10% Monday morning on what appears to be a now-debunked notion that the company was sporting short interest that rivaled GameStop. The company became a hot topic on Friday of last week, spiking 20% on the day to close the week, after S3 Partners - a company that is ....