15Likes
I'm in general not really interested to do single stock shorts, I buy stocks to hold for the long-term, shorting is a too stressful/time-consuming game for me. But given that the debate has been raging with friends, online etc, I just had to have an actual record of making a decent amount of money going short Tesla and not just speak my opinion. Which I did, but I was way too quick to close my short though. Shorted from 220ish to 175 when the halo around Elon went from positive to clear negative.
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03-01-2023, 03:04 PM #21
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03-01-2023, 04:52 PM #22
I don’t short stocks as markets can remain irrational longer than I can remain solvent but congratulations on making money on this!
I'm in general not really interested to do single stock shorts, I buy stocks to hold for the long-term, shorting is a too stressful/time-consuming game for me. But given that the debate has been raging with friends, online etc, I just had to have an actual record of making a decent amount of money going short Tesla and not just speak my opinion. Which I did, but I was way too quick to close my short though. Shorted from 220ish to 175 when the halo around Elon went from positive to clear negative.
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03-01-2023, 05:05 PM #23
12 ships full of Tesla's just arrived in Australia, including one ship with over 4000 vehicles. If the arse end of the world is finally getting shipments then there must be no more supply issues.
https://www.drive.com.au/news/tesla-...break-records/
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03-01-2023, 07:25 PM #24
It is rather tedious to argue with you ignorant bunch.
There is a waiting list for Tesla performance models 3/Y, and that doesn't consider they haven't ship any X/S... as well as Cybers... all of which have deposits paid.
Supply simply doesn't match demand. There are waiting list globally...
Sure the share price is overvalued, but that doesn't change the fact this company is profitable and still years ahead of competition in terms of software and hardware.
It is silly to quote an article about 4000 Tesla deliveries equating to a quarter-of-a-billion-dollars worth of product delivered as to say this company is in trouble?
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03-01-2023, 08:05 PM #25
Why are they are slashing both prices and production volume if demand is so strong? Why are they producing more than they have sold three quarters in a row?
Tesla is massively overvalued, even now after a gut wrenching decline. It’s been overvalued for years, it didn’t take a genius to know it would fall massively in the long run. Part of that played out last year.
But having real competition, being outcompeted by other OEMs - that’s all new and has come as a rather unpleasant shock to all the fanboys who thought Tesla would be an unassailable number 1 in EVs.
Tesla is a great company, but it’s in a shitty industry. In the long run industry dynamics are far more important than a jump start or technological lead, neither of which will be worth a hill of beans in a decades time.
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03-01-2023, 08:22 PM #26
Some reading to bring you up to speed @redslert
https://qz.com/tesla-discounts-model...l-y-1849923212
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03-01-2023, 08:23 PM #27
Tesla has increased prices more often than they have ever 'slashed' prices.
Please do more research rather than just repeating headlines you like.
They haven't produced more than they sold... again waitlists exists.
There is a difference between manufactured and delivery, you don't build a hundred cars to deliver to Australia but you bunch them up depending on the carrier ships capacity hence there will forever be a delay. If you don't understand logistics please just stop now.
Tesla is still number 1 by every measure as a pure EV company, I don't understand what you are talking about.
It isn't a shitty industry either, I think you are talking rubbish and haven't done any proper reading of the industry. Tesla is far ahead in manufacturing with casting technology far advance that no other car brand can replicate. Mind you the casting technology was created here in HK - LK Technology.
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03-01-2023, 08:31 PM #28
Yes, you clearly don’t understand what I’m talking about. That much is clear. Unfortunately you also don’t understand what you’re talking about
Last edited by TheBrit; 03-01-2023 at 08:36 PM.
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03-01-2023, 08:40 PM #29
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03-01-2023, 08:40 PM #30
I think you have over estimated your limited headlines only knowledge.
FYI, for 18+months from 2021 to mid-2022 Tesla was increasing prices nearly every month, but they still fully sold the cars!
Tesla (TSLA) significantly increases its electric car prices across its lineup | Electrek
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