Cathy Wood's Ark Invest has been buying Tesla hand over fist and for good reason.
Cathy Wood looks very happy with her Tesla Model 3.
Right now Tesla is on a big roll. The Tesla model 3 and Tesla Model Y are flying off the shelf, so to speak. Tesla is not only trending big in terms of sales, Tesla is going viral all over the world.
This post will cover some of the reason why, and also will shed light on Alexandra Merz, who goes by the the twitter handle of @TeslaBoomerMomma. Alexandra is an important contributor to the Tesla community and part of her focus is tracking Cathy Wood's ETF's who buy large amounts of Tesla Shares.
Cathy Wood thinks Tesla future will be awesome.
Matt Pocius, a multi millionaire serial entrepreneur & investor (currently the only stock in his stock portfolio is Tesla), focuses on producing videos on the latest news about Tesla. This video focuses on Cathy Wood, ARK's ETF's and the Tesla stock.
Matt personally believe Tesla is strongly underpriced, but only if you are a long term investor.
Shuffle in more TSLA Cathy Wood
Here's a Twitter quote, from the Alexandra Merz (@TeslaBoomerMomma), calling out ARK Invest about the Tesla share holding for the ARKW ETF. A chart is provided that shows a comparison of Tesla share levels between the ARKK, ARKQ and the ARKW ETFs.
“ Alexandra Merz says: What's happening to ARKW (orange line)? Why is TSLA only in #7 position and lingering at barely 5% in ARKW?.”
ARK invest is now holding more than 5,000,000 TSLA shares
Cathy Wood's Ark Invest has been steadily growing its ownership of Tesla shares, over the past month, and has reached a level of total shares not seen since March of 2022. As you can see, the levels of Tesla shares were much higher back in early 2021, so Cathy's Ark Invest still has a long way to go according to Alexandria,
Ark Invest Maxes out on Tesla shares for ARKQ ETF
“ In another Tweet Alexandria says: ARK "maxed out" on TSLA purchases for ARKQ, now exceeding 10%. QRKK now at 7.5%, still room for $169m more. No recent purchases forARKW, at only 5.2%.”
“From the Video with Herbert Ong, Alexandra Merz says: What is really important to understand is that you suddenly reach 2 and half times more buyers of the Tesla Model 3 and four times more buyers for the Tesla Model Y - This expansion is absolutely incredible.”
Tesla sales growth is exploding
This video, with Albert Ong and Alexandra Merz, provides insight about the incredible incentives the recent Tesla price cuts, and the new Inflation Reduction
Act tax credits have provided consumers looking to buy an electric car.
Herbert's goal is to help folks, with his videos, who've invested in $TSLA and those just now being introduced to the company, to build and evaluate their conviction in the fundamentals.
Thanks goes to Alexandria and Herbert for their contributions to the Tesla community.
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