Big short bet Tesla, Goldman Sachs is optimistic, fund managers also quarrel

category:Finance
 Big short bet Tesla, Goldman Sachs is optimistic, fund managers also quarrel


Multi air duel

According to foreign media, Michael burry tweeted on the social platform that he was shorting Tesla and suggested that musk could use the current high share price to raise more cash, but as of the time of publication, the original tweet could not be verified.

However, the other big bear capitulated.

According to foreign media, Jim Chanos, President of Kynikos associates, a well-known Wall Street bear who has been short Tesla for five years, began to reduce his short position. It is worth noting that Tesla will be included in the S & P 500 index this month. Judging from the stock price, Teslas share price has risen more than six times since the beginning of the year.

Goldman Sachs, too, has ignited the long space war. Goldman raised Teslas rating from neutral to buy and raised its 12-month target price to $780 from $455. Goldman Sachs said it is increasingly optimistic about the development prospects of the electric vehicle market, and the current transition to pure electric vehicles is accelerating, and the combination of Tesla models will help it maintain a leading position in the electric vehicle market.

Domestic fund managers have also made a lot of noise

This multi space war is also staged in the domestic new energy vehicle plate.

Some institutions are firmly bearish. Taimin asset said that under the current situation that the market value of bicycles is significantly higher than that of traditional automobile enterprises, the valuation of new energy vehicle sector is already in no mans land. It is difficult to bring reasonable returns to investors in the future, and may even lead to an epic collapse. It will resolutely avoid relevant topics.

Some institutions believe that high scenery can digest the overestimated value. Juming investment said that at present, we can see that in the first half of next year, the prosperity of the electric vehicle industry is determined to rise, but the current valuation is relatively high. The high growth brought about by the high landscape atmosphere may digest part of the valuation on the one hand, and on the other hand, it can maintain a high valuation for the sector. The electric vehicle sector is our choice for the high growth and high valuation sector.

According to statistics, since this year, the index of new energy vehicles has increased by more than 63%. In terms of individual stocks, the stock prices of Tianci materials and BYD have increased by 2.7 times and 2.6 times respectively in the same year. The stock prices of new Zebang, Yiwei lithium energy and Ningde times doubled in the same year.

It is worth noting that the above-mentioned stocks are also heavily bet by public funds. For example, as of the end of the third quarter, Ningde times was heavily held by 693 funds, and Yiwei lithium energy was held by 238 funds. The reporter interviewed a number of fund managers and found that the short-term increase of individual stocks in the new energy vehicle sector is too high. A fund manager in Shanghai who is more inclined to value investment said that there is a huge space for new energy vehicles in the future. For scarce assets, they will choose to bear higher short-term valuation. The stock price may be reduced by 10% or 20%. After the correction, the stock price is still relatively expensive, but it is very likely that the stock price will rise directly after the 10% correction, which will not give you the opportunity to buy again. A fund manager who is good at style rotation in South China said that he adjusted his position and sold some new energy vehicle stocks with higher short-term gains. Source of this article: Yang Bin, editor in charge of Shanghai Securities News_ NF4368

It is worth noting that the above-mentioned stocks are also heavily bet by public funds. For example, as of the end of the third quarter, Ningde times was heavily held by 693 funds, and Yiwei lithium energy was held by 238 funds.

A fund manager who is good at style rotation in South China said that he adjusted his position and sold some new energy vehicle stocks with higher short-term gains.