Billiardist Koguan raises the alarm: Is the stock market crash threatened like 1929?

Billiardist Koguan raises the alarm: Is the stock market crash threatened like 1929?

The billionaire Leo Koguan, one of Tesla's largest shareholders, has taken drastic steps and sells his Tesla shares in the middle of his serious warning of an upcoming stock exchange crash that could be comparable to the 1929 disaster. In a post on X (formerly Twitter), Koguan noted: "I no longer put everything on Tesla" and confirmed that he rejects his shares in order to reject the money into short-term US state bonds. In his opinion, economic growth and public debt are so unstable that they could significantly endanger the markets, and he wants to secure his portfolio. Koguan, who has a fortune of $ 13.5 billion, has drastically reduced its Tesla shares of around 27.7 million shares in May 2024.

fear of the next financial crisis

When Koguan started with his investment in Tesla in 2019, he had great hopes for the company's growth. But now he has fundamentally changed his attitude. According to Koguan, the exorbitant public debt and the budget deficit in the United States have achieved alarming dimensions. He commented on economic developments and mentioned that it could be difficult in the current situation to keep the markets stable. The sales decision illustrates Koguans rapidly from a firm belief in the electric car pioneer for a critical statement that stirs up doubts about his future, as well as The shareholder reports.

Despite Koguan's warnings, the Tesla share still inspires many analysts that adapt their price targets upwards. Craig Irwin from Roth Mkm, for example, has increased its destination from $ 85 to $ 380, while Dan Ives from Wedbus even sees a potential of up to $ 400. This tension between Koguan’s warnings and the analyst euphoria leaves investors in an uncertain time with mixed feelings, a topic that is heavily discussed in the current market environment as well as on social media and business news.