4 ms·
It's interesting to think of this from the tesla standpoint. There was a kind of reverse situation where the shorters and idealogically opposed to evs or pro ga
by NotSammyHagar 6y ago
It's interesting to think of this from the tesla standpoint. There was a kind of reverse situation where the shorters and idealogically opposed to evs or pro gas people had conspiracy theories going the other way. They were doing secret investigations and harassing some reporters who thought telsa was some big financial fake-out.
There were claims that tesla wasn't really selling cars (cause who would want one?), or they were all parked in some giant hidden parking lot, rusting away or something. They hired airplanes to take pictures of the factory. This somehow got some famous investors into it who were sure tesla was doomed. There was a whole belief system, weird twitter handles. There seemed to be coordinated publishing of information to try to sink the stock. I've never been close enough to a stock to see it happen before this.
And now it has turned around again - instead of too many shorters, their value is too high. Tesla's market value feels vastly too high, like 10x or more too much. The company should do pretty well but they won't be approaching half the world car market imho.