TSLA
Another Tesla hard-call bull may go bankrupt.
Kathie Woods who have repeatedly called for $2600 as her target price will have lost billions in her ARKK funds this week. Mostly from Tesla's collapse.
If ARKK is leveraged, they, and other similarly affected big holders, will be forced to liquidate their positions. Thereby further exacerbating the fall in Tesla prices.
I said $180 as my target. Like Dan Ives, I am reducing this to Wells Fargo and JP Morgan's target price of $120-130.
Elon really is having a Jack Ma period. Hopefully like Jack Ma, he learns to be humble and contrite. And get far far away from Trump.
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