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I support a person or organization’s right to invest in whatever they want. I also think that maybe people are being deluded or misguided by some media outlets
by angelgonzales 3y ago
I support a person or organization’s right to invest in whatever they want. I also think that maybe people are being deluded or misguided by some media outlets so they think that Tesla is in a worse position than it is, or maybe they just didn’t time the market correctly. I do think it’s un-American to short sell a great American company like Tesla though. Many people work for the company and they make great products. I’m reminded of the fact that Bill Gates was shorting Tesla while asking Elon for philanthropic donations.
- gizmo 3y agoYou can’t have a market without buyers and sellers. The only way to get tesla shares is by buying them from another person. It doesn’t matter whether the seller has 100 shares left after selling to you, or -100. The financial transaction is the same. One person believes the shares will go up and buys. The other believes the opposite and sells. It’s not “un-American”. If anything, the superstition that that short selling harms companies or the economy is “un-American”. It’s good when badly operated businesses go bankrupt. The employees can then work somewhere else where they can make a better contribution to society. Keeping zombie companies alive is bad. (And Tesla made over a million cars last year; bankwuptcy is not happening anytime soon.)
- DaveExeter 3y agoElon?