Worm Capital, an investment management company, has published an investment letter for the first quarter of 2022 - a copy can be downloaded here. During the first quarter of this year, the fund performed well above its target, the S&P 500 TR by 25.64 percent but its annual return so far has dropped by 18.12%, compared to 4.59% of its benchmark return over the period. same. Try spending time looking at the top 5 fundraisers to be informed of their best options for 2022.
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In its Q1 2022 investor letter, Worm Capital mentioned Tesla, Inc. (NASDAQ: TSLA) also disclosed its company details. Founded in 2003, Tesla, Inc. (NASDAQ: TSLA) is an Austin Texas-based automotive electronics company with a clean energy company with a market capitalization of $ 1.0 trillion. Tesla, Inc. (NASDAQ: TSLA) delivered a return of -6.79% since the beginning of the year, while its 12-month return increased by 33.32%. The stock closed at $ 985.00 per share on April 15, 2022.
Here is what Worm Capital has to say about Tesla, Inc. (NASDAQ: TSLA) in its Q1 2022 investor letter:
"Over the last several months, we have become increasingly bullish on Tesla, our largest holding. As an expression of our increased confidence, through Q1 we increased our Tesla position. At a high level, we believe Tesla is on a path to dominate the S&P 500. Much like Amazon emerged from the Nasdaq Bubble and the Financial Crisis, we think Tesla has at least another 10 years of growth ahead, and it is just now hitting its inflection point of accelerated, rapid growth.
At the same time, consensus estimates of Tesla’s growth are, in our view, extremely low. This dynamic, in our opinion, will likely result in consistent upwards revisions to expectations, creating one of the more dramatic arbitrage investment opportunities we have ever come across. From a data, scale, and advanced manufacturing perspective, the company is entering escape velocity. To be clear, Tesla’s stock price and market value is no longer a reflection of anticipated success. It reflects its current success and proven ability to generate substantial earnings and record-setting cash-flows at scale. In sum: It’s early days. We’ll soon be publishing a comprehensive research report on Tesla. Stay tuned."
Our statistics show that Tesla, Inc. (NASDAQ: TSLA) is ranked 26th in our list of 30 Most Popular Stocks Among Hedge Funds. Tesla, Inc. (NASDAQ: TSLA) was in hedge fund portfolios at the end of the fourth quarter of 2021, compared to 60 per cent in the previous quarter. Tesla, Inc. (NASDAQ: TSLA) returned 4.51% in the last 3 months.
In March 2022, we published an article covering Tesla, Inc. (NASDAQ: TSLA) in another article. You can find more investment letters from hedge funds and prominent investors on our hedge fund investor bulletin board page 2022 Q1.
