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The trade I'm interesting is simultaneously shorting Tesla and Daimler. Sceptics emphasise the difference between Tesla's market cap (£40 bn) vs its current sa
by oli5679 10y ago
The trade I'm interesting is simultaneously shorting Tesla and Daimler.
Sceptics emphasise the difference between Tesla's market cap (£40 bn) vs its current sales (75,000) and profits (close to -$1bn). I can imagine a state of the world where they grow dramatically and justify this price tag, but in that case I see serious problems for Daimler.
Similarly, if Daimler flatlines and doesn't see a crash in sales of Mercedez, I'm seriously pessimistic about Tesla.