> putting out a report with a price target of $4,600 for TSLA
That is the PR department.
> they’ve been taking profits and trimming their TSLA position
That is their fund mangement arm.
Are you for real and should I be angry? Were you really unaware that the words these people say on the tv, while helpfull for their current position, dont always reflect their actions or even actual beliefs?
ARK wants even needs investors. Going on CNBC and telling everyone that the core asset of your fund is going to the moon, dont miss out!!!!!!!! is how you get investors to pay you a fat fee. Going on CNBC and announcing that your research department think your investors are going to lose 50% isnt good for business.
The price targets and investment research is entirely PR - designed to get investors to invest with the fund.
That is the PR department.
> they’ve been taking profits and trimming their TSLA position
That is their fund mangement arm.
Are you for real and should I be angry? Were you really unaware that the words these people say on the tv, while helpfull for their current position, dont always reflect their actions or even actual beliefs?