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Tesla slashes vehicle and self-driving-ish software prices as shares plummet
(www.theregister.com)
this post was submitted on 23 Apr 2024
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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
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
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."
And also that shorts have defined gains, but infinite losses