A lot of retail investors are waking up and realizing the price difference between 380 and 420 isn’t worth the risk to hold on. If you need the investment money, selling now is prudent. Myself, I more than doubled my long position at this price point yesterday. I’ll take every freebie Elon throws my way (last one was the SCTY arb). When the deal is finalized, I may very well sell that large stake I bought yesterday at 420, just keeping my regular long position in private Tesla.
If the deal falls apart (very unlikely IMHO), I’ll be stuck holding a bunch of TSLA stock for quite a while I suspect.
Speaking for this retail investor: We are good owning Tesla public, we are good owning Tesla private, we are good with $k a share squeeze pricing, we are good with $420 a share, we are good holding.
11.3 million shares in 62 minutes: slowing down and climbing up?
Expect investors are acquiring...