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People are literally going broke shorting tesla. Michael Burry is a smart guy but we now live in a different time. Hype online is worth more than actual company performance. Tesla gets some pretty serious tax credits from our government and the buyers also receive a 7,500 tax credit on most vehicles. These are now being phased out slowly since Tesla has been around for some time and now have a proper platform to sell effectively. I expect some dips to come with the phase out of USA Gov EV tax credits.
IMO their current market cap is WAYYYY Too high. Burry is undoubtedly looking at their P/E ratio which is so out of whack it's almost a joke. VolksWagen deliveries in America alone closely matches Tesla's deliveries worldwide in 2020. Their market share is purely based on futuristic ideas which like bitcoin is obtaining insane market share as of late.
I'm a big Tesla proponent and it's made me good money but I don't expect it to last forever. It'll have to correct at some point.
Charlie_KellyMeme stock or not I’m up like 70%. Sold one share at 660 for a decent gain.
Michael Burry (Christian Bale from The Big Short) has ironically shorted Tesla, let’s see if he’s right.
The team has 40m tokens which cannot be unlocked until the price of ZCN hits $10. The price of ZCN now is 50c.
Partnered with oracle already + 2 enterprise partnerships to be released.
Mainnet coming sometime in the next few weeks.
TH3_ARBIT3RI should also add while the chart is pumped, ZCN still isn’t listed on traditional exchanges. When this hits Binance the run up will be historical.
Time for some longer-term shorts. Market can't keep going at the rate it is. Delinquency rates are the same as before the '08 crash and the situation is more unstable/volatile right now. Shorting LYFT in the 6-9 month range. Contracts are not even that expensive for shorts that far out. Strike at 37. Best of luck to y'all and happy trading.
0Chain Mainnet coming anytime after the start of Feb. Crypto influencers are just starting to catch on, no major exchange listings, Fortune 100 partnership to be announced, 40 mil team tokens which can only be unlocked after $10. This is the surest bet in crypto along with Lukso for 2020.
commencaldhTime for some longer-term shorts. Market can't keep going at the rate it is. Delinquency rates are the same as before the '08 crash and the situation is more unstable/volatile right now. Shorting LYFT in the 6-9 month range. Contracts are not even that expensive for shorts that far out. Strike at 37. Best of luck to y'all and happy trading.
So basically a LEAP, been thinking about that with some of these EV companies.
I'm tempted to start dumping money into GM because of all of this Tesla nonsense. They already have all of the infrastructure to build a car at a much lower cost than Tesla and they are dumping billions and billions of dollars into EV's. Out of all of the prospective EV companies out there (besides tesla), GM seems to have the best chance of actually making a legit product that most people can buy.
EV is hot right now. I feel like GM is the best innovator in american vehicular construction. Don't forget they needed to be bailed out and so their debt on the balance sheet is higher than most. That always comes into play.
The.FishI'm tempted to start dumping money into GM because of all of this Tesla nonsense. They already have all of the infrastructure to build a car at a much lower cost than Tesla and they are dumping billions and billions of dollars into EV's. Out of all of the prospective EV companies out there (besides tesla), GM seems to have the best chance of actually making a legit product that most people can buy.
zuesEV is hot right now. I feel like GM is the best innovator in american vehicular construction. Don't forget they needed to be bailed out and so their debt on the balance sheet is higher than most. That always comes into play.
I'm also biased for them because I'm doing an engineering internship there next summer haha
The.FishI'm also biased for them because I'm doing an engineering internship there next summer haha
No one can compete with the innovation and how far advanced Tesla is. They design and produce nearly all of their parts in house, have the best battery production and are far and away the best software in EVs. This is all coming from a Ford engineer. That said, good luck in your internship. GM is a great company to put on your resume.
The.FishI'm tempted to start dumping money into GM because of all of this Tesla nonsense. They already have all of the infrastructure to build a car at a much lower cost than Tesla and they are dumping billions and billions of dollars into EV's. Out of all of the prospective EV companies out there (besides tesla), GM seems to have the best chance of actually making a legit product that most people can buy.
The Cali laws banning gas vehicles by 2030 is huge for the EV market too. Also huge for the energy market.
kingsskierNo one can compete with the innovation and how far advanced Tesla is. They design and produce nearly all of their parts in house, have the best battery production and are far and away the best software in EVs. This is all coming from a Ford engineer. That said, good luck in your internship. GM is a great company to put on your resume.
The problem tesla has to face is quality control. Idk much about that area, but id be pretty pissed if my 50k car was missing paint in certain places and had bad panel gaps. Also their interiors are extremely underwhelming. You can fight for the whole "minimalist" thing but you can still use premium materials that belong in an expensive car.
I do agree that their software is ridiculous. Nobody is going to even come close to touching that any time soon.
The.FishThe problem tesla has to face is quality control. Idk much about that area, but id be pretty pissed if my 50k car was missing paint in certain places and had bad panel gaps. Also their interiors are extremely underwhelming. You can fight for the whole "minimalist" thing but you can still use premium materials that belong in an expensive car.
I do agree that their software is ridiculous. Nobody is going to even come close to touching that any time soon.
Quality control is the biggest enemy for any auto manufacturer. Its by far Fords biggest problem which kills the stock nearly every quarter when they report warranty numbers. I would venture to guess its the same for GM and Fiat/Chrysler.
As for the Tesla interiors, I think the model S and X are nice. I like the seats and the huge touch screen panel in the middle that has more features than some computers. The model 3 and Y are lacking, but thats what you get in a "budget" car.
kingsskierQuality control is the biggest enemy for any auto manufacturer. Its by far Fords biggest problem which kills the stock nearly every quarter when they report warranty numbers. I would venture to guess its the same for GM and Fiat/Chrysler.
As for the Tesla interiors, I think the model S and X are nice. I like the seats and the huge touch screen panel in the middle that has more features than some computers. The model 3 and Y are lacking, but thats what you get in a "budget" car.
I saw that Tesla is asking stores to liquidate all of their current S and X models, so a major refresh should be coming soon. I was very excited by the Microsoft partnership with GM announced Monday because the stock was up like 10% or something ridiculous.
extravertYou basically just said TSLA is either going up, down, or staying the same. Whats your prediction?
I didnt have a prediction to give. I know that in a flag like that, if there are two red or two green days in a row, the third will likely be a bigger version of the same. It had a significant overnight drop last night coming out of the flag pattern. I was just pointing out the flag so you all could make your own assessment of it. Its due to come back, but the market is still bullish and so is TSLA, so its hard to buy puts and bet against those factors. Thats why I didnt say what I thought. I did not make a play on it.
Anyone in on GME? Been reading way too much on wallstbets and FOMO is hitting, but trying to understand the short situation and how everyone on there is hyping up there diamond hands to limit sell at $420.69 makes me think I can still hop in. Gonna throw in a bit first thing Monday AM just for fun
.squirrely.Anyone in on GME? Been reading way too much on wallstbets and FOMO is hitting, but trying to understand the short situation and how everyone on there is hyping up there diamond hands to limit sell at $420.69 makes me think I can still hop in. Gonna throw in a bit first thing Monday AM just for fun
Hate siding with Citron and Melvin Capital but thinking of shorting. There is literally to reason for it to be over $20 right except for the retards on WSB.
As usual if I buy now it'll topple and I'll go back into my buy at the top sell at the bottom days.
I've sold most of my shit right now and currently it's just been sitting. I'm just in on a few longs. the day trading / every other day trading was taking up too much of my time and i wasn't even making that much money. Probably should stick to my day job and actually make money =)
.squirrely.Anyone in on GME? Been reading way too much on wallstbets and FOMO is hitting, but trying to understand the short situation and how everyone on there is hyping up there diamond hands to limit sell at $420.69 makes me think I can still hop in. Gonna throw in a bit first thing Monday AM just for fun
.squirrely.Anyone in on GME? Been reading way too much on wallstbets and FOMO is hitting, but trying to understand the short situation and how everyone on there is hyping up there diamond hands to limit sell at $420.69 makes me think I can still hop in. Gonna throw in a bit first thing Monday AM just for fun
i've been following this since December. i'm in for 12 shares at $39 and buying another 60 shares on monday.
at this moment there's no reason for it to be above $20 but the way that this short squeeze is going i think it's a good way to make some fast money. last week reddit and other retail investors proved that they can keep the price up long enough to make the shorts bleed. and i believe next week short interest is going from 30% to 75% so it's only a matter of time until it happens, unless of course people sell.
Coming out of the trend it opened down 10, dropped to almost 20 below thursdays close. If you made the play on puts thursday, you made a good amount of money. Hence, the end of the flag causing a break through. It broke through trend again and shot up this morning. Trend lines are mini catalysts that you really should try to use.
