Elon Musk discloses during Twitter's proceedings: Cathie Wood's correspondence significantly alters Tesla's destiny.
Elon Musk's Tesla Privatization Trial: The Role of Cathie Wood's Alleged Letter
The world's been buzzing about the trial surrounding Elon Musk's controversial tweet proposing a $420 buyout of Tesla. Now, things have taken an interesting turn with a letter from Cathie Wood allegedly coming into play.
Musk's tweet caused quite a commotion, leading to hefty fines from the U.S. securities regulator, the loss of his position as Tesla chairman, and a current trial with shareholders claiming losses due to the tweet. As reported by TheStreet, a surprising detail emerged during the trial. Musk reportedly cited a letter from none other than legendary investor Cathie Wood, claiming it could have significantly impacted Tesla's future.
According to Musk, Wood's letter noted that retail investors preferred Tesla to stay publicly traded. Unlike many others, it might have swayed Musk's decision, altering the course of Tesla's destiny.
It's no secret that Wood's a Tesla enthusiast. The stock is a prominent position in her Ark Innovation ETF, and she recently bought more Tesla shares in January.
Interestingly, Wood's been shaking up the tech world by trimming her investments. For instance, her firm, Ark Investment Management LLC, sold Meta Platforms Inc. shares for the first time in nearly a year[2]. However, the search results provide no information about a specific letter from Wood regarding Tesla's privatization.
Curious about the latest on Tesla's quarterly results? Here's an update: Quarterly Results Unveiled
And if you're wondering why Cathie Wood's selling her beloved stock, take a look here: Selling Her Favorite Stock—Why?
- Elon Musk asserted during the Tesla privatization trial that a letter from Cathie Wood might have influenced his decision on Tesla's future status.
- Cathie Wood's letter, as per Musk, expressed the preference of retail investors for Tesla to remain publicly traded.
- Musk's claim suggests that Wood's letter could have played a significant role in his decision regarding Tesla's privatization.
- The allegation about Wood's letter has been a recent point of discussion, adding an intriguing dimension to Musk's Tesla privatization trial.
