[HN Gopher] Elon's Giant Package
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       Elon's Giant Package
        
       Author : bceskavich
       Score  : 15 points
       Date   : 2022-04-25 16:10 UTC (6 hours ago)
        
 (HTM) web link (www.readmargins.com)
 (TXT) w3m dump (www.readmargins.com)
        
       | ncmncm wrote:
       | Is the "giant package" double-entendre something already played
       | out? I haven't paid enough attention to know one way or the
       | other.
        
       | jdrc wrote:
       | > After the past few weeks, can you imagine the public outcry if
       | regulators tried imposing any limits at all?
       | 
       | Au contraire this makes it much harder for him to use it to
       | manipulate the market. It would be like Bloomberg manipulating
       | his other company stock.
       | 
       | Maybe he just wants to use the userbase to turn it to a payments
       | platform
        
         | ncmncm wrote:
         | More likely, use it as a political platform.
        
           | nebula8804 wrote:
           | $46 Billion dollars worth? Does not seem likely.
        
             | ncmncm wrote:
             | US gov't has already fronted him more than 10% of that.
             | There's plenty more where that came from. And, not even
             | just the US!
             | 
             | The whole takeover would have been much more fun if he had
             | announced that his offer would drop by 1% for each day they
             | took to accept it.
        
               | lambic2 wrote:
               | What do you mean by the US gov't has fronted him more
               | than $4 billion?
        
               | 14u2c wrote:
               | It appears they believe that SpaceX is Musk's personal
               | slush fund.
        
       | asaramis wrote:
       | is this for real and should I be angry?
       | 
       | Cathie Wood and ARK are selling too. While putting out a report
       | with a price target of $4,600 for TSLA, they've been taking
       | profits and trimming their TSLA position in their flagship ARKK
       | fund from almost 4 million shares to less than 1 million. One of
       | the biggest cheerleaders for Tesla is publicly saying the stock
       | will quadruple, while cutting their holdings by 75%.
        
         | hayd wrote:
         | TSLA's gone up a lot in the last few years, perhaps 20% of
         | Ark's market cap being in a single stock might be bad business?
         | But I wonder if it's more likely to do with them losing 50% of
         | their assets in less than a year:
         | 
         | > As of February 2021, the company had $50 billion in assets
         | under management. By January 2022, assets had dropped to $23.9
         | billion, after a period of poor performance.
        
         | vmception wrote:
         | No, you shouldn't be angry you should be objective.
         | 
         | The fund can have its own investment time horizon that has
         | nothing to do with the time horizon and accuracy of the report.
        
         | bombcar wrote:
         | Cathie is a bit of a case and I'd stay away from the ARK fund
         | myself (it's basically a bad way to own TSLA which was great
         | when TSLA jumped) but that fund is limited to holding no more
         | than some percentage as TSLA, maybe it was 10%?
         | 
         | Disclosure: I held TSLA in the past, not at this time, though I
         | hold index funds that hold it.
        
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       (page generated 2022-04-25 23:03 UTC)