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That meme needs to die. Elon Musk won the war with the short sellers once TSLA was added to the S&P 500. That was a game changer. Now there is daily instituti

That meme needs to die. Elon Musk won the war with the short sellers once TSLA was added to the S&P 500. That was a game changer. Now there is daily institutional money flow into the stock. Now TSLA has a much greater probability of survival.

aaron695 5y ago
Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla (May 17 2021) Tesla short-sellers lost $38 billion throughout the automaker's colossal 2020 rally (Jan. 1, 2021) This seems complex. All anyone shorting has to do is create a drop over a small period and they can make a lot of money. This has been done successfully before using social media. If by 'That meme needs to die' you mean it's not healthy for a market at their level then I agree. They are using an army of people who are not very smart, also not good. But their plan at a base level could work and they could get rich. Create a panic for a small period and get rich.
- simondotau 5y ago
  > Michael Burry of ‘The Big Short’ His foresight around mortgage backed securities is legendary. A genuinely brilliant mind with respect to financial instruments. If he ever points to another financial instrument and says it's fishy, you'd do well to listen to him. But this doesn't make one an expert in everything. I wouldn't expect Burry's predictions of Tesla's future prospects to be any more reliable than Linus Torvalds predicting the future prospects of some novel financial derivative.
- PhantomGremlin 5y ago
  The meme that needs to die is referring to Tesla as $TSLAQ. The trailing Q indicates a company in bankruptcy. The addition of Tesla to the S&P 500 means that bankruptcy is now much less likely than previously. Huge amounts of money specifically track the S&P, and huge additional amounts of money "closet index". Index money flows into the stock market on a daily basis and creates price support for all S&P 500 stocks, including Tesla. Create a panic for a small period and get rich. I agree this is a viable strategy for betting against many stocks. But now Tesla has probably gotten too big for that strategy. I've tried to read Reddit WallStreetBets but there's so much noise. Smarter people than I undoubtedly can make money on the back of that army of "not very smart" people.

aaron695 5y ago

Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla (May 17 2021) Tesla short-sellers lost $38 billion throughout the automaker's colossal 2020 rally (Jan. 1, 2021) This seems complex. All anyone shorting has to do is create a drop over a small period and they can make a lot of money. This has been done successfully before using social media. If by 'That meme needs to die' you mean it's not healthy for a market at their level then I agree. They are using an army of people who are not very smart, also not good. But their plan at a base level could work and they could get rich. Create a panic for a small period and get rich.

simondotau 5y ago
> Michael Burry of ‘The Big Short’ His foresight around mortgage backed securities is legendary. A genuinely brilliant mind with respect to financial instruments. If he ever points to another financial instrument and says it's fishy, you'd do well to listen to him. But this doesn't make one an expert in everything. I wouldn't expect Burry's predictions of Tesla's future prospects to be any more reliable than Linus Torvalds predicting the future prospects of some novel financial derivative.
PhantomGremlin 5y ago
The meme that needs to die is referring to Tesla as $TSLAQ. The trailing Q indicates a company in bankruptcy. The addition of Tesla to the S&P 500 means that bankruptcy is now much less likely than previously. Huge amounts of money specifically track the S&P, and huge additional amounts of money "closet index". Index money flows into the stock market on a daily basis and creates price support for all S&P 500 stocks, including Tesla. Create a panic for a small period and get rich. I agree this is a viable strategy for betting against many stocks. But now Tesla has probably gotten too big for that strategy. I've tried to read Reddit WallStreetBets but there's so much noise. Smarter people than I undoubtedly can make money on the back of that army of "not very smart" people.