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Why don’t you want to lend to short sellers?
by tomp 8y ago
Why don’t you want to lend to short sellers?
- toomuchtodo 8y agoMission over economic/market efficiency. Short sellers are out only to profit, Tesla needs to profit to survive, but is out to electrify transportation. Make vultures suffer. https://www.newyorker.com/cartoon/a16995 https://www.newyorker.com/cartoon/a16995
- ptsch 8y agoThis is a cult like speech. Its management has fiduciary duty to its investors to do their best to give them return. It’s not a non profit foundation.
- deleted 8y ago[deleted]
- toomuchtodo 8y agoThis subject comes up frequently on HN, but Tesla does not need to maximize their profits to ensure shareholder fiduciary requirements are met. I invest because it’s a cause that matters to me.
- ptsch 8y agoSo you think people who work hard for Tesla do not want/expect to make money on their stock options? It’s literally a part of compensation package.
- toomuchtodo 8y agoEmployee compensation is valuable consideration of course. I prefer to not enable short sellers from profiting off of Tesla’s challenges, if that wasn’t clear. Sidenote: Tesla employees with stock comp are going to do very well when a short squeeze drives the stock price up. And they deserve that comp.
- SuoDuanDao 8y agoSure. But Tesla isn't the cult. Tesla is a fellow member. If St. Musk's vision doesn't pan out, I don't care much that I won't be the richest man in the wasteland. To people like myself, those who short Tesla aren't short an unprofitable car company. They're short a better future. I make no apologies for being willing to take a small loss to cause them a big one. Anyone considering shorting this stock should consider that I'm not alone in that sentiment.
- anjc 8y agoLongs aren't out to profit?
- toomuchtodo 8y agoDifferent time scale and interests.
- tomp 8y agoI like Tesla's short sellers in particular. They make the stock cheaper for actual investors :) (like me soon hopefully).