When you short a stock, you make money when the price goes DOWN.
Posted on 05/12/2024 3:02:30 PM PDT by zeestephen
Even with the electric-vehicle maker's stock down 32% so far this year, Moses is sticking with his Tesla short..."Everything is kind of falling apart in their core business...He [Elon Musk] is pointing everybody to robotaxis and AI and autonomy...This move to own Tesla for robotaxis and AI is going to fade over time...$50 seems like a reasonable valuation to me..." [Current price $167.50]
(Excerpt) Read more at cnbc.com ...
When you short a stock, you make money when the price goes DOWN.
People have soured on EV’s.
You mean we lose Elon?
I really like the old days...when someone pumped my gas...filled my tires, checked my oil....and my car had a vent window.
Also, the Chinese Communist Party is doing everything it can think of to incentivize the six major Chinese EV companies to take market share away from Tesla.
I wouldn’t say “soured” so much as the market for EV Virtue-Signalers got saturated. They are handy for daily drivers in your suburban market, but not practical for long trips. Our son-in-law bought a used Chevy Volt and likes it. He works for PG&E and gets to charge it at work, so it’s always topped-off. Then he charges it at home on weekends using their solar array on the roof.
It helps that Elon stupidly gave all his tech secrets to China.
EVs depreciate quickly since the battery, which cannot be economically replaced, is not likely to be efficient or even functional after three or four years. Extremely limited market for used EVs. Range and repair issues remain huge. Even Musk has to obey the laws of physics. The whole concept had inherent problems and contradictions from the onset. Not least of which is that the electrical grid could never accommodate an American fleet that was 30% EVs.
it’s was a loss leader, he made enough money selling Tesla carbon credits that he could start Space X...
You make money when the stock goes down. But it’s dangerous.
Buying long, worst case is you lose your money.
If you short, you can lose more than your investment. There is no limit to how much a stock can go up.
Personally, I wouldn’t short Musk.
I definitely think Space X is closer to his heart. The EVs...jumoping on the bandwagon...but I don’t think he really believes man is responsible for climate and that we can’t alter its course either.
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I hope not. I really like the guy.
Problem #1 - the EV business is hugely over built. Unless Elon has some magic technology tricks we do not know about, the only way Tesla can compete is to cut prices.
Problem #2 - X (formerly known as Twitter). Musk paid $44 billion for a company that is worth $20 billion - on its very best day.
The Democrat party will do everything they can to demolish Tesla
A few days ago, Biden announced huge new tariffs on EV vehicles imported from China.
Biden indicated increases of 25%-100%.
I do not know if he needs Congressional approval.
I read two articles, but none of them mentioned the obvious question - will the new tariffs apply to Tesla?
That would explain all the bad press. He’s probably short Boeing, too.
The dirty light secret to Elon’s billions is that he got “credits” for each EV he sold which he then sold said “credits” to others who needs to buy said “credits” to offset their carbon emissions. For years Tesla never turned a profit on actually selling actual electric vehicles. Those were and still are losers. I suspect that the EV part of Elon’s empire is toast in 4-5 years.
“This Ultra-High Mile Tesla Proves That EV Batteries Last Longer Than You Think”
https://www.youtube.com/watch?v=wOFfKQ7SxEg
You’d like my fleet of ‘57 Chevys. Vent windows are poor man’s A/C.
I had an Impala, Monte and a Malibu...I loved them all. I’m an 80 year old woman...life is fun.
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