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I have been paying about (premium lost from rolling puts) 1k/month for the last 4 months to short Tesla. I made about 12k on the last dip so I’m profitable but

by leoqa 1y ago

I have been paying about (premium lost from rolling puts) 1k/month for the last 4 months to short Tesla. I made about 12k on the last dip so I’m profitable but I’m just waiting for the bubble to burst. Today I doubled down when it went up, hoping to one day see it fail.

cbeach 1y ago
Whereas on the other hand I've gained handsomely from holding Tesla stock for many years, and plan to hold it for many more years. It feels good to support American-made sustainable technology that has revolutionised the electric car and battery storage markets. I struggle to understand those who would short-sell Tesla, unless they have some kind of emotional hangup against Elon Musk or government efficiency?
- Hamuko 1y ago
  What exactly have you gained from holding?
  - cbeach 1y ago
    I own stock that is worth many times what I paid for it, and any time I want to, I can exchange the stock for cash. Unless perhaps I missed something about how the stock market works?
- TimorousBestie 1y ago
  > I struggle to understand those who would short-sell Tesla, unless they have some kind of emotional hangup against Elon Musk or government efficiency? It’s objectively clear that the company is in a bad market condition, and you don’t need to have an “emotional hangup against Elon Musk or government efficiency” to know it’s bad business to alienate your potential customer base and deliver shockingly bad public appearances. If Ford’s CEO was stumbling-down drunk or higher than a kite at a presser, I’d short Ford too.
  - cbeach 1y ago
    Musk was never a conventional squeeky-clean ultra-safe stage-managed CEO that speaks through a media team. That didn't stop him from raising the value of $TSLA from a penny stock to one of the largest companies in the world. With his initial investment, and with him as the product architect of the first Tesla vehicle (the Roadster), he transformed an academic project with no products to the world's most valuable automaker. An automaker so valuable, it's worth more than Toyota, BYD, GM, VW, BMW, Mercedes, Ford and Honda COMBINED. People have shorted $TSLA before because they underestimated Musk, and let their own personal affectations cloud their understanding of Tesla's potential, and Musk's singular genius.
    - ceejayoz 1y ago
      > An automaker so valuable, it's worth more than Toyota, BYD, GM, VW, BMW, Mercedes, Ford and Honda COMBINED. This doesn't give you the slightest bit of pause?
      - TimorousBestie 1y ago
        It can’t; this is how meme stocks operate. If too many traders examine their motives and revert to trading rationally, the stock price corrects accordingly.
        robocat 1y ago
        > meme stock Poor explanation since ~50% stock is owned by institutions. I think retail holds 38% of ownership. Rest of ownership is mostly Elon ~13%. indexed fund ownership doesn't explain institutional holdings. Tesla is 5% of NASDAQ 100 by market cap. Vanguard owns 7.7%, BlackRock owns 6.4%. Disclaimer: not a financial analyst and I might have numbers wrong (mostly from Tiger Trading App).
    - homefree 1y ago
      The silver lining is as long as these people exist and continue to be wrong (which seems like it’ll be forever given no amount of Tesla success gets them to update their position) there will be money to be made.
- foogazi 1y ago
  > I struggle to understand those who would short-sell Tesla, unless they have some kind of emotional hangup against Elon Musk Wait, do you have an emotional hangup FOR Elon Musk ? > or government efficiency? Is this satire ?

by leoqa 1y ago

cbeach 1y ago

Whereas on the other hand I've gained handsomely from holding Tesla stock for many years, and plan to hold it for many more years. It feels good to support American-made sustainable technology that has revolutionised the electric car and battery storage markets. I struggle to understand those who would short-sell Tesla, unless they have some kind of emotional hangup against Elon Musk or government efficiency?

Hamuko 1y ago
What exactly have you gained from holding?
- cbeach 1y ago
  I own stock that is worth many times what I paid for it, and any time I want to, I can exchange the stock for cash. Unless perhaps I missed something about how the stock market works?
TimorousBestie 1y ago
> I struggle to understand those who would short-sell Tesla, unless they have some kind of emotional hangup against Elon Musk or government efficiency? It’s objectively clear that the company is in a bad market condition, and you don’t need to have an “emotional hangup against Elon Musk or government efficiency” to know it’s bad business to alienate your potential customer base and deliver shockingly bad public appearances. If Ford’s CEO was stumbling-down drunk or higher than a kite at a presser, I’d short Ford too.
- cbeach 1y ago
  Musk was never a conventional squeeky-clean ultra-safe stage-managed CEO that speaks through a media team. That didn't stop him from raising the value of $TSLA from a penny stock to one of the largest companies in the world. With his initial investment, and with him as the product architect of the first Tesla vehicle (the Roadster), he transformed an academic project with no products to the world's most valuable automaker. An automaker so valuable, it's worth more than Toyota, BYD, GM, VW, BMW, Mercedes, Ford and Honda COMBINED. People have shorted $TSLA before because they underestimated Musk, and let their own personal affectations cloud their understanding of Tesla's potential, and Musk's singular genius.
  - ceejayoz 1y ago
    > An automaker so valuable, it's worth more than Toyota, BYD, GM, VW, BMW, Mercedes, Ford and Honda COMBINED. This doesn't give you the slightest bit of pause?
    - TimorousBestie 1y ago
      It can’t; this is how meme stocks operate. If too many traders examine their motives and revert to trading rationally, the stock price corrects accordingly.
      - robocat 1y ago
        > meme stock Poor explanation since ~50% stock is owned by institutions. I think retail holds 38% of ownership. Rest of ownership is mostly Elon ~13%. indexed fund ownership doesn't explain institutional holdings. Tesla is 5% of NASDAQ 100 by market cap. Vanguard owns 7.7%, BlackRock owns 6.4%. Disclaimer: not a financial analyst and I might have numbers wrong (mostly from Tiger Trading App).
  - homefree 1y ago
    The silver lining is as long as these people exist and continue to be wrong (which seems like it’ll be forever given no amount of Tesla success gets them to update their position) there will be money to be made.
foogazi 1y ago
> I struggle to understand those who would short-sell Tesla, unless they have some kind of emotional hangup against Elon Musk Wait, do you have an emotional hangup FOR Elon Musk ? > or government efficiency? Is this satire ?