Image credit: FT.com
The following article is contributed by our buddy @Totalyscrewedup, you can also follow him on Twitter!
$1.6tn man, as he's been dubbed in the past, Hiromichi (Hiro) Mizuno, is the newest member of the Tesla board of directors as of April of this year and as of 18th of this month, he's also a new Tesla bull with a $16.7 million overnight portfolio influx.
For an individual that has been entrusted with a nation's retirement fund in the recent past, specifically, Japan's Government Pension Investment Fund, his investment will be a new barometer of the health of the Tesla (NASDAQ: TSLA) stock. Of course, anyone earning money for living, must understand that not everyone can simply dump all their earnings into their portfolio. After all, man got to eat and money is meant to be spent. However, his portfolio is almost guaranteed template to certain win.
Based on just-released fillings (FORM 4) by Tesla, he's been compensated $1003.96 per share, just 5 days ago. With 16668 Tesla (NASDAQ: TSLA) shares acquired, his management of the newly acquired personal wealth, for his role as director, will be an obvious metric of the IPO's health.
While plenty of assumptions are readily available regarding current stock price and valuations, upcoming Q2 reports, adding Tesla's jab by submitting recent Elon's tweet as new document medium to the SEC, and yet another 'Battery Day' push to later day, makes for a good recipe for stock's volatility, which seems to be gearing up yet again.
With so many Tesla fans pushing for the stock to reach the new high right now, which Kathy Woods is promising in 10 years, the near future will show if 'Hiro' will soon become Hero of Tesla community.
Not knowing the man or his music taste, it still makes me wonder if he's singing Tupac's "All Eyez on Me" with the same charisma as the late Lesane did.
