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Exactly, which is why this stock is going to zero. ZERO. In the US, cars are a huge part of people's identity, and brand is everything. It's a major purchase a
by turnsout 2y ago
Exactly, which is why this stock is going to zero. ZERO.
In the US, cars are a huge part of people's identity, and brand is everything. It's a major purchase and a multi-year commitment.
Imagine you don't follow politics closely, but you're in the market for a car sometime in the next 12 months. All of a sudden when you go to the Tesla dealership, you have to fight your way past protesters. You start to see Teslas spray painted with swastikas for some reason. You hear the phrase "swasticar."
Tesla is destroying their most valuable asset (their brand), which takes years to build and usually can't be rebuilt. As sales begin to take a meaningful hit, institutional investors will start to get out, and it will be a feedback loop that will force the price down. They'll sell the assets to Ford for pennies.
- Clubber 2y agoIf you really believe that, you should short the stock.
- turnsout 2y agoNow that you mention it, I will! * ETA: done
- Clubber 2y agoI hope you make out. TSLA has been taking a beating over the last month. I think a lot of (tech) stocks are about to crash. I think the tariffs and government layoffs will finally burst the bubble that the FED has been trying to pop for a while.
- turnsout 2y agoYour prediction seems to be coming true! For my part, I’m still shorting TSLA, and needless to say, it’s going well. Thanks for the nudge to put my money where my mouth is.
- soulofmischief 2y agoYou should research Henry Ford if you think that supporting Nazis is enough to take a magnate's auto company down.
- turnsout 2y agoA lot has changed in the past 90 years. Let’s see how it goes this time.
- soulofmischief 2y agoI hope so. I feel like we've been sliding backwards.