I think, I speculate, that he likely had access to much more information than is accessible to mere mortals about how the mix of post-Covid inflation, sanctions against Russia, gas and energy markets going nuts, and food supply hitting a sharp contraction as likely signs the global economy was about to get absolutely shredded. Combining this knowledge with the obvious fact Tesla is massively overvalued he figured it was a safe time to cash in.
I think it's a coincidence. Stocks like Tesla have taken a beating since November. Cheap investment money is going away and everyday that section feels more and more pain. Even companies that are "objectively" sound and valuable have lost a lot of value. He saw that and wanted to cash in near the top because it may be years of going sideways or down. That coincided with what the person you replied to mentioned, an economic downturn.
If he has variable interest rates on any of his loans/leverage then that's going to bite him too.
it's not really so much a prediction as seeing the writing on the wall. production is down, inflation is up, and the fed is raising interests rates. the big hedge funds all sold back in February and started holding cash while they waited for bonds to raise. in a lot of ways, we're going into a planned recession. the question is if everything tanks for years or if we just kinda hold stagnant for a while.
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I think, I speculate, that he likely had access to much more information than is accessible to mere mortals about how the mix of post-Covid inflation, sanctions against Russia, gas and energy markets going nuts, and food supply hitting a sharp contraction as likely signs the global economy was about to get absolutely shredded. Combining this knowledge with the obvious fact Tesla is massively overvalued he figured it was a safe time to cash in.
deleted by creator
I think it's a coincidence. Stocks like Tesla have taken a beating since November. Cheap investment money is going away and everyday that section feels more and more pain. Even companies that are "objectively" sound and valuable have lost a lot of value. He saw that and wanted to cash in near the top because it may be years of going sideways or down. That coincided with what the person you replied to mentioned, an economic downturn.
If he has variable interest rates on any of his loans/leverage then that's going to bite him too.
The point about valuable and digital companies is quite true. Today we saw absurd swings up for digital currency and adjacent companies.
it's not really so much a prediction as seeing the writing on the wall. production is down, inflation is up, and the fed is raising interests rates. the big hedge funds all sold back in February and started holding cash while they waited for bonds to raise. in a lot of ways, we're going into a planned recession. the question is if everything tanks for years or if we just kinda hold stagnant for a while.