I have absolutely zero experience shorting stocks, but I understand the concept.
I also have observed that the quality of Tesla vehicles is absolute poop. They had a great thing going, at least technologically, and they even had a nice sleek style, for a while, but even the style has grown stale. Now, when I see a Tesla cruising around town, it reminds me of a 1992 Honda Civic. It's a classic basic design, that doesn't look horrible, but just so basic, so economical, YET without the quality of a Civic or Toyota. That combined with the fact that Tesla has been marketing and selling full self-driving technology for years, but have yet to actually deliver the dream. It all just seems like a recipe for disaster and a massive downturn in the valuation of the company. But, what really seals the deal, is Musk. Musk was the face, the public figure, for conveying the innovation and passion of all of those engineers and talented workers. Now, he's shifted his antics to building a social media platform from twitting? twittering? I don't even know. Never have cared much for social media, but it seems like a bad thing.
Looking at the stock price history and various events and hyping they went through, all of that is gone now, and they're left with basic looking low quality cars and a MASSIVE amount of competition from an established industry. Could TSLA go back to the teens? It just looks like it has a very precipitous drop.
So, I've never shorted before. It almost seems unethical that the SEC even allows such a practice, but this also seems like a tremendous opportunity.
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