Tesla Stock vs. Apple Stock: Billionaires Buy One and Sell the Other
Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL) were two of the three most popular stocks among retail investors last year, according to Vanda Research. But two hedge fund billionaires bought Tesla and sold Apple during the fourth quarter, as detailed below:To reiterate, the trades listed above happened in the fourth quarter, which ended two months ago. But the billionaires mentioned run two of the three most successful hedge funds as measured by net gains since inception, according to LCH Investments. So, I think Tesla and Apple warrant further consideration.Tesla narrowly held its lead in electric vehicle (EV) sales last year, but struggled with weak demand amid rising competition and interest rates. In fact, the company reported its first annual decline in deliveries in history, and price cuts meant to makes its vehicles more attractive to consumers cut deeply into profits.Continue reading
Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL) were two of the three most popular stocks among retail investors last year, according to Vanda Research. But two hedge fund billionaires bought Tesla and sold Apple during the fourth quarter, as detailed below:
To reiterate, the trades listed above happened in the fourth quarter, which ended two months ago. But the billionaires mentioned run two of the three most successful hedge funds as measured by net gains since inception, according to LCH Investments. So, I think Tesla and Apple warrant further consideration.
Tesla narrowly held its lead in electric vehicle (EV) sales last year, but struggled with weak demand amid rising competition and interest rates. In fact, the company reported its first annual decline in deliveries in history, and price cuts meant to makes its vehicles more attractive to consumers cut deeply into profits.
