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>>So many shorts have already been wrecked >being giddy about Telsa competition getting “wrecked” Except that's not what they said. If you're a capital all
by schiffern 3y ago
>>So many shorts have already been wrecked
>being giddy about Telsa competition getting “wrecked”
Except that's not what they said.
If you're a capital allocator and you allocate capital badly, you're going to have a bad time. You had one job...
I have slightly more sympathy for the automakers, but ultimately they're also sleeping in a bed of their own making. They dragged their feet (and/or actively fought electrification, a highly immoral choice given the impending climate chaos) for literally decades, and this is the entirely predictable outcome.
On second thought, I changed my mind. I have zero sympathy for the (as historical experience has now revealed) lying lazy legacy automakers. Time for that "creative destruction" we're always hearing about.