Comment by selkin
1 day ago
If he himself believes he can achieve his off-the-cuff deadlines or not doesn't matter for the rest of us: he already proven himself to be a fabulist, and after so many failed predictions, should know better than to air them in public, especially as he must be acutely aware that making such claims inflates his and his companies' net worth, and hence has legal implications. Only he cares not about those, as none of his past misdeeds had any serious consequences to himself.
Somehow his company is worth ~1.6 trillion dollars, with most of that valuation being confidence in his predictions. He is predicting humanoid useful robots soon. Tesla's valuation defies reason
Tesla stock goes up because it frequently goes up. It's a top-tier "buy the dip stock". Analysts know it, traders know it, the stock is a consistent winner. A total house of cards, but it hasn't fallen yet.
Well, feel free to short Tesla.
(And I say that with conviction. https://hindenburgresearch.com/ are my heroes.)
The problem with shorting is always timing. Additionally, with companies like TSLA or other large companies there's always the risk of a government bailout/backstop. The easiest way to predict the future is to look at incentives. Many of the people in power have huge incentives to not let companies like these fail/drop so it ends up taking an enormous event to trigger the unwinding.
The market can stay irrational longer than you can stay solvent
1 reply →