Michael burry just shorted Tesla - RIP

Since you bought it cheaper than you sold it for sure you did the right thing

If it’s part of your portfolio and not your entire portfolio ie a small percentage then why would you sell? Its very early days still for this company and investors have reached this level of value without much having happened.

The future for Tesla is enormous so more large gains should be coming in the next few years

I feel you have panick sold and this is not good investing, at the very least you should have waited and viewed the market for a few days/weeks before you drip out some of your position. If it’s still falling you could then buy back in to average out your remaining position or sell remaining shares.

If you do this with all your stocks you will miss out on further gains, the drop yesterday was due to the whole markets being down not just Tesla, as its more volatile a stock it rises more when the markets rise and drops more when the market falls. This is fairly basic stuff that you should know before buying a stock at all

Premarket Tesla is already rebounding

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I sold mine last night bought at 570 and booked some profit and like stupid I bought again @847.
Now I will hold for good few weeks got no other choice and hope it will bounce back again.

All the reviews I get is positive and it’s not going bankrupt any time soon

Combining this with existing Tesla thread.

:crazy_face::rocket::smiling_face_with_three_hearts:

I have some value plays but I am not just a value investor, what I said was once it proves its value, as IMO for a growth stock it is overvalued, for example BABA is undervalued and that is also a growth stock. I think you mean, and you are correct, that I am more risk averse at investing than others, but don’t confuse that with being less good.

However I disagree that you shouldn’t look at what is sold today, Tesla bulls are bearish on other EVs because they dont sell any/as much as Tesla, but equally when people like me are slightly bearish on Tesla at these valuations suddenly Tesla bulls say shouldn’t assess based on current sales.

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By the time a company like Tesla shows its value its already too late, the gains will become narrower.

Probably best off not bringing alibaba into this thread right now as it’s proves everything wrong about using just the ā€œfundamentalsā€ of a stock.

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As I said, Tesla might have the most amazing tech but that doesn’t translate in car terms to anything like the level of market monopoly needed to justify the valuation (and that isn’t ignoring that Tesla does more than build cars or from someone who doesn’t hold Tesla stock!).

History is littered with companies that had the best technology which didn’t translate into market dominance.

Perhaps the pricing takes that into account and all the upside is from non-ev business but in which case let’s be clear about that!

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I try to stay open minded, but the nail in the coffin for me was when investors ploughed into a stock because Elon tweeted praise for a completely different company with a similar name (Signal). For me, this just reaffirms that Tesla’s lofty valuation is mostly over-speculation based on Elon’s cult of personality.

I don’t doubt that Tesla is a wonderful company in the making, but I cannot reconcile why any investor would buy at these prices, especially when plenty of great businesses are trading at much fairer valuations. I would expect a company to be growing 3x YoY before I would even look at anything with Tesla’s current earnings multiple.

On a more positive note… congratulations to those who got in early on $TSLA!

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These guys get it:

Tesla’s FSD chip

Well considering that a bunch of the Nvidea spec ones are failing…

But I’m not sure if the 8GB flash storage thing was a Nvidea decision or a Tesla one.

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A third of this year’s output lmao. Could this be the needle to pop the bubble?

Yeah it’s a big deal, I’m hoping they have some way of finding the specific fault and identifying the vehicles that need fixed, and then knowing Tesla they’ll fix it at the person’s house. It’s should be too hard, motherboard is behind the glovebox and is probably just a few minutes to change. But might be very expensive but I’m not worried about it, Tesla has plenty of cash and doesn’t have a significant effect on its future

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It’s if this evolves in to something else. I’ve done no research so I don’t know the implications but a retrofit/correction is expensive and won’t do the brand image any good.

Do you really have it in you to short this stock hahaha

My 10er will be the straw that snaps the camels back. :rofl:

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Hahaha what a market mover that will be

Did you see Safe style up 10percent today, mic drop.

Why does Boohoo always drop on good results must be market makers trying to recuperate shares anticipating an increase in buys.

Congrats on the gains there, today has been very volatile for me