Read? Investing Made Simple by Uncle8888 (6)
Read? Where does the money come from??? (2)
Uncle8888 also remembered Warren Buffet once said: "The Stock market is a financial redistribution system. It takes money away from those who have no patience and gives it to those who have."
Hmm ... look more like "It takes money away from FOMO players and gives it to those who have patience and wisdom to say it is ENOUGH!"
[SAN FRANCISCO] Tesla board member Ira Ehrenpreis sold shares of the electric carmaker worth more than US$200 million on Wednesday (Oct 27), after the stock crossed the US$1,000 mark for the first time to hit a record, according to filings.
Antonio Gracias, a former Tesla board member whose term expired earlier this month, also filed his planned sale of US$610 million worth of shares on the same day, filings showed.
Tesla became the fifth company to hit the trillion-dollar benchmark on Monday (Oct 25) following a deal with rental car company Hertz and after it recorded its best quarterly revenue and profits.
Independent director Ehrenpreis exercised options to buy 370,000 shares at about US$50 each on Wednesday before their expiration in June next year, filings with the US Security and Exchange Commission showed.
The venture capitalist who has been a member of the Tesla board since May 2007 then sold 203,429 shares for as high as US$1,068.38 a pop. The shares are worth about US$214 million, according to Reuters' calculation.
Gracias, chief executive officer of private equity firm Valor, also filed plans to sell 338,493 shares worth US$351 million and an additional 250,000 shares worth US$259 million he holds indirectly via AJG Growth Fund, the filings showed.
He had been a member of the board since May 2007 before his term expired in October. Known as a close friend of Tesla CEO Elon Musk, he is a director of SpaceX and was a director of SolarCity until its acquisition by Tesla in 2016.
Current and ex-board members including Musk stand to reap windfall gains from Tesla's stock rallies, with a large number of stocks and stock options.
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Did you hear about the low-key S'pore-based investor who has chalked up US$7B in Tesla stock?
ReplyDeleteHe calls himself a retail investor who has only started buying stocks in 2019 LOL.
Doesn't sound that retail to me kekeke!
Any idea on his size of capital invested?
DeleteCW,
DeleteClick the link provided by Spur above lah!
This Indonesian Chinese power!
I like his style. With his wealth, he still on the Earn More path!!!
Btw he's the one who bought over James Dyson's bungalow penthouse.
DeleteDyson bought for us$54M.
He took over for us$47M.
He has a nose for deals! 🤑