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> TSLA is a growth stock, and growth stocks have done extraordinarily well throughout CO-VID. To have a put on TSLA is to have a bet against growth. This remar
by rualca 5y ago
> TSLA is a growth stock, and growth stocks have done extraordinarily well throughout CO-VID. To have a put on TSLA is to have a bet against growth.
This remark sounds very ignorant and miopic. Even with the "growth stock" interpretation, it's very hard to ignore the fact that Tesla's market share is shrinking with increasing competition in Europe and China, and on 2021Q1 Tesla reported $438M profit while recording $518M in revenue from sales of regulatory credits and $100M in Bitcoin sales.
I understand the importance of the "growth stock" narrative. Even pyramid schemes are handsomely profitable to investors provided that the next guy is left holding the bag. However, as Burry stated quite clearly, Tesla's numbers are far from healthy and it's market valuation is not justifiable with a rational basis.
- deleted 5y ago[deleted]
- ItsMonkk 5y agoI'll take that criticism. I'm much more focused on the bug discovery process that Burry goes through than the bug exploitation itself. My nuance on the actual trading side is much less developed.