Comment on Tesla’s in its flop era

_sideffect@lemmy.world ⁨9⁩ ⁨months⁩ ago

• sugar_in_your_tea@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

  No, never short Tesla. The market can remain irrational longer than you can remain solvent.

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  • PrincessLeiasCat@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

    This is a fantastic quote btw

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    • 1984@lemmy.today ⁨9⁩ ⁨months⁩ ago

      It’s a classic old saying in stock trading.

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      • zeppo@lemmy.world ⁨9⁩ ⁨months⁩ ago

        It’s attributed to John Maynard Keynes.

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      • PrincessLeiasCat@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

        I honestly never knew this, thanks for letting me know!

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• assembly@lemmy.world ⁨9⁩ ⁨months⁩ ago

  I would have thought the same thing but the after hours ticker has the stock up damn near $20 which is just insane to me.

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  • Encode1307@lemm.ee ⁨9⁩ ⁨months⁩ ago

    I guess they were expecting even worse?

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    • apfelwoiSchoppen@lemmy.world ⁨9⁩ ⁨months⁩ ago

      He made a lot more promises, and uncancelled the reportedly canceled Model 2. Investors in Tesla feed on his investor call grandstanding lies.

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      • 1984@lemmy.today ⁨9⁩ ⁨months⁩ ago

        That people still trust what Musk says is mind boggling…

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• femboy_bird@lemmy.blahaj.zone ⁨9⁩ ⁨months⁩ ago

  Shorting is designed to only be used by the ultra rich and is therefore too dangerous for average mofos like us imo

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  • magic_lobster_party@kbin.run ⁨9⁩ ⁨months⁩ ago

    Always remember: when you invest in a stock, you can only lose what you’re putting in. When you short a stock, there’s no limit in how much you can lose. Yes, that means you can go in debt.

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    • 1984@lemmy.today ⁨9⁩ ⁨months⁩ ago

      Well you lose the amount you shorted. You can’t go into debt for money you don’t have.

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      • magic_lobster_party@kbin.run ⁨9⁩ ⁨months⁩ ago

        Shorting is when you borrow stocks and then immediately sell it. At some point you have to buy those stocks back so you can return the stocks to the lender.

        Say you short 1 stock at $1000. The stock later drops to $100. You have made a good $900 profit when you return the stock.

        Say the stock instead goes to $10,000. You have made a devastating $9000 loss. You have lost more than you initially shorted.

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