this post was submitted on 23 Apr 2024
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[–] OpticalMoose@discuss.tchncs.de 88 points 1 year ago (13 children)

Even after the price cut, theirs is still 3x the price of Mercedes' system which works better. I have a feeling Tesla's earnings report won't go well this afternoon. https://finance.yahoo.com/news/tesla-earnings-q1-175358835.html

[–] Pringles@lemm.ee 46 points 1 year ago (10 children)

Tesla was overvalued when it hit 50$ pre stock split. Its continued rise over a period of years to one of the most valuable public companies is just mind boggling. But I think even now there is a lot of hesitance in shorting the stock as entire fortunes have been lost trying to predict a share price correction.

But we're about to find out whether Tesla truly transcends auto companies: https://bradmunchen.substack.com/p/could-tesla-go-bankrupt-the-odds

[–] Fermion@mander.xyz 18 points 1 year ago (1 children)

When considering shorting stocks it's important to remember one of Keynes' better quotes, "the market can remain irrational longer than you can remain solvent."

[–] skyspydude1@lemmy.world 6 points 1 year ago

And also that shorts have defined gains, but infinite losses

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