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.
Comment on Tesla’s in its flop era
_sideffect@lemmy.world 5 months ago
I guess… Now’s the time to short?
assembly@lemmy.world 5 months ago
Encode1307@lemm.ee 5 months ago
I guess they were expecting even worse?
apfelwoiSchoppen@lemmy.world 5 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.
1984@lemmy.today 5 months ago
That people still trust what Musk says is mind boggling…
femboy_bird@lemmy.blahaj.zone 5 months ago
Shorting is designed to only be used by the ultra rich and is therefore too dangerous for average mofos like us imo
magic_lobster_party@kbin.run 5 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.
1984@lemmy.today 5 months ago
Well you lose the amount you shorted. You can’t go into debt for money you don’t have.
magic_lobster_party@kbin.run 5 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.
sugar_in_your_tea@sh.itjust.works 5 months ago
No, never short Tesla. The market can remain irrational longer than you can remain solvent.
PrincessLeiasCat@sh.itjust.works 5 months ago
This is a fantastic quote btw
1984@lemmy.today 5 months ago
It’s a classic old saying in stock trading.
zeppo@lemmy.world 5 months ago
It’s attributed to John Maynard Keynes.
PrincessLeiasCat@sh.itjust.works 5 months ago
I honestly never knew this, thanks for letting me know!