4 ms·

There were plenty of reasonably thought-out cases to short Tesla, and there may still be. The company has had numerous recent instances where they've failed to

There were plenty of reasonably thought-out cases to short Tesla, and there may still be. The company has had numerous recent instances where they've failed to pay vendors and their runway was shortening at a concerning pace. These are legitimate reasons to short a company's stock if you find them persuasive. I don't disagree that there was some wild speculation, sensationalistic articles, etc., but that doesn't make all short sellers wrong for believing that the price is inflated. Last, who's to say that the price was incorrectly low? Was it incorrectly high before? Is today's price the right price? I do not believe that there was some conspiracy to artificially depress the price of the stock if that is what you mean.

ajross 8y ago
> Last, who's to say that the price was incorrectly low? Uh... you. Because you're the one who introduced the "rightly discounting" nonsense that I was arguing with. Clearly you have an idea of what the stock price "should" be because otherwise there would be no "right" in your "rightly", right? You just don't agree with the price the market has picked NOW, when you thought the price it had THEN was just fine. And you're reaching for stuff like "accounting norms" as justification, when the real truth is that, no, TSLA was artificially low due to short selling.