Here is an interesting FT.com reader comment relating Elon, Cathy Wood (who heads ARK ETF, an influential and concentrated Tesla investor) and Bill Hwang of the recently failed Archegos hedge fund that many ascribe to the recent tech sell off, and alos a seed investor in ARK:
"Despite my love for most everything he does, can’t help but see the temptation of one particularly large Tesla shareholder using his shares as a collateral for a massive loan, which he invests in a group of concentrated ETFs (anonymously, apparently, coming from someone who should know better than to say such things), where the main investment is, uh, Tesla...not to mention Hwang-esque options gambling, and astonishingly, Tesla share price x13 in a year..."
If you thought TESLA was pumped up, and I've been saying so for a while, well, here is some food for thought.