Elon Musk embroiled in a “do or die case”! Four super-institutions against Buffett, what happened?

Some people and events are invariably controversial!

Today, Musk is trending on search engines! According to media reports on the 15th, the British Virgin Islands issued a subpoena to Elon Musk, chief executive of American car manufacturer Tesla, demanding he provide documents proving Morgan Stanley’s role in the “Epstein case”.

Epstein once owned assets of more than $30 billion worldwide and had once even sat on the throne of the world’s richest man, being called the “world’s billionaire harvester”. However, among the world’s richest billionaires, Epstein was one of the most frightening. He controlled and profited from thousands of girls, mysteriously died after being imprisoned.

There were also controversial events in the market. While Warren Buffett (Warren Buffett) unloaded the remaining holdings of TSMC ADR, large investment institutions such as Macquarie, Fidelity Investments, Tiger Global and Coatue massively entered TSMC ADR in the first quarter of this year. What happened again?

Musk’s “misfortune”

The Hill, a U.S. media outlet, reported on the 15th that the British Virgin Islands government issued a subpoena to Elon Musk, a well-known American entrepreneur, demanding he provide documents regarding the case against Morgan Stanley for its alleged involvement in Epstein’s sex trafficking.

The report said that according to a subpoena issued by the U.S. District Court for the Southern District of New York handling the case, the British Virgin Islands demanded Musk provide any documents regarding his communications with Epstein about Morgan Stanley, or his communications with Morgan Stanley about Epstein, as well as any documents regarding payments he made to Epstein or Morgan Stanley.

The Hill says the British Virgin Islands believes Musk is “a high net worth individual who may have been recommended or attempted to be recommended by Epstein to Morgan Stanley,” but the latest subpoena documents do not accuse Musk of any wrongdoing.

The report states that the British Virgin Islands government sued Morgan Stanley since late last year, accusing the bank of providing financial services and helping Epstein conceal his crimes while knowing his companies were engaged in illegal activities.

Four super institutions against Buffett

There were also controversial events in the market. On May 16, Berkshire Hathaway’s 13F filing showed that Berkshire Hathaway added 20.4 million Apple shares in Q1, while clearing out the previously substantial short of TSMC. However, while Warren Buffett (Warren Buffett) unloaded all remaining holdings of TSMC ADR, large investment institutions such as Macquarie, Fidelity Investments, Tiger Global and Coatue massively entered TSMC ADR in the first quarter of this year.

Regulatory filings show that Macquarie added about 78 million shares of TSMC ADR in the first quarter, with a market value of $7.3 billion as of the end of March, while Fidelity added 14.1 million shares, bringing its stake to nearly $40 billion.

The hedge fund Coatue Management built a new stake of 5.9 million shares of TSMC ADR in the last quarter, worth $5.489 billion, while Tiger Global also bought TSMC ADR worth $1.478 billion.

Berkshire Hathaway (Berkshire Hathaway) in February announced that it sold 51.8 million shares of TSMC ADR in the fourth quarter of last year, down as much as 86%, and in the 13F filed on Monday (15th), the company also cleared all remaining holdings. This obviously copied Buffett’s homework.

Buffett earlier this month at the annual shareholders meeting praised TSMC as an excellent company, but also pointed out that being stationed in Japan makes him more at ease, than Taiwan, and selling TSMC ADR was based on geopolitical considerations.

TSMC ADR closed up 2.67% on Monday (15th), at $85.66 per share, up 15% so far this year. Recently, the Taiwan Semiconductor Industry Association (TSIA), citing data estimated by the Industrial Economics and Knowledge Center of the Industrial Technology Research Institute, predicts that the semiconductor industry output value in China Taiwan this year will decline sharply by 12.1% year-on-year, compared with the more optimistic decline of 5.6% projected in February. In detail, IC design output value is expected to decline 12.7%, IC manufacturing output value to decline 10.8%, including wafer foundry declining 9.2%, storage and other chip manufacturing declining 28.7%, IC packaging declining 19.1% and IC testing declining 12.9%.