Sure that is a possibility. But the Tech Bubble (aka Internet bubble) was largely based on a few companies selling real products, other companies selling products and making no profits and a lot of companies with no real sales at all. it is pretty clear now that a few of those selling product and not making profits are now dominant (aka Amazon, Netflix and a few others) There are a handful of EV companies, mostly not selling much except maybe in China. Plus Tesla who is growing sales, growing profits and reinvesting into new factories. It could end up the same way with a couple of big winners a decade or two down the road. Mike
& eitber way . . . . . if we were to cash in now? and it went up over 250% again in less than 8 months? it'd be a let down. If we hang on to it and it drops 200%? Another letdown. Either way it looks like we'd lose. Just ask our local Hydrogen zealot .... we're doomed .
It 'only' dumped 70%. That's pretty optimistic. Wishing there'd been $10K we could have been able to short them with. I could then have afford a lot more Tesla stock. .
The interest rate on shorted NKLA was so high as to be suspicious. My hypothesis is the insiders 'loaning' the stock were using the high interest to take profits. Bob Wilson
Tesla is not immune to stock being dumped - do recall this?! Top Tesla Investor Dumps 81% of Stock in Brutal Rebuke to Elon Musk “stock has lost more than 30% of its value so far in 2019.”
Gorshk !! if this is a loss ... i hope it looses ANOTHER 30% like this next year . . . . . that way - i can retire in just 8 more months 30% ... loss (scratching head) on a positive note - at least we're on topic for a change. .
That has got to be one of the best cases of cherry picking I have seen outside of a Climate Change thread in a very long time
i bet that fund manager was summarily fired when t rowe price investors watched tesla stock race to the top, and they were left holding the bag. the author of that article was probably fired too i wish it were back there so i could buy some
<AHEM>Some of think you are: Q4 2020 production numbers are about 30 days away Q4 2020 financial numbers are about 50 days away Q1 2021 production numbers continue to ramp up 2021 production capacity with 2x increase Bob Wilson
Interesting article. The whole thing seems based of one person that runs a fund that shorts TSLA. Two of the biggest red flags I see is statement early in the article. It states Tesla is up over 600% this year, but the shorts just keep on shorting. If anyone infers from that statement that the same number of people, or shares, are being shorted, they would be wrong. The same dollar amount is being shorted, but the number of shorts has decreased sharply. Next, this statement Cornell doesn’t seem to be able to consider that they may be valuing TSLA incorrectly. Rather, TSLA price must be incorrect because it doesn’t match their understanding. This goes back directly to analysts that can’t understand the Tesla business plan. Cornell gives a number of reasons they base their targets and all they do is illustrate how much they ignore. An early talking head that did this was John Petersen. He couldn’t understand how TSLA was valued as high as it was. If you ask people who Elon Musk is & who John Petersen is, I am willing to bet more people will know the name Elon Musk. I expect Cornell will be forgotten as well
still love'n the funny . . . new high this morning - and its current (electricity pun intended) price $627. 70% loss ... that'll never get old Orangie oughta short them! .
