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as it has always been. Elon needs to ship another round of s3xy red short shorts
5 Billion sounds low... This was epic :-)
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Idiots
Bill Gates had the largest short position
Oh no.
Anyway.
Is that true?
5 billion....so far
Good. Shorting should be illegal in any case.
Perfect response.
God I wish I had the funds to invest.
I dunno if he still has a position. It's been quite a while
There goes Bill Gates
I'm not sure if he still does or not but I sure wish he still has that position.
Celebration over at r/teslainvestorsclub what with the massive stock rally. wallstreetbets OTOH is quite a bit salty.
Why?
I sold pre-election for like 10% profit. I feel like a dumbass so at least you don’t have to feel like a dumbass.
You didn't count the gains they had when Tesla went from $400 to $100. Please be fair
I do to an extent. I sold(~$200) back during the COVID crash, and spend most of my stimulus instead of reinvesting.
Because he's been a thorn and musks side in what I can only think of might be jealousy. For the record I've always spoken highly of Bill Gates.
no wonder price is climbing... they are chasing each other covering their positions.
It is easy to spot something irrationally expensive. It is impossible to time when reality comes crashing down.
I'd prefer he ship a model 2
It's a totally rational view to think Tesla is over priced.
I’m up 1598% on my position. Trigger finger’s getting super itchy.
SEC will make shorting illegal-watch!
Good. Musk is an asshole that needs a few thorns. Another reason to like Gates.
Oh won’t we love it if they start shipping the models with the shorts they are modeling for..
Good, im up 400k since the election.
I never shed a tear for short sellers losing money.
Shorting is an important financial instrument. It is needed to curb artificially high valued companies. For example a pharmaceutical company claims it has found a cure for cancer, and quickly receives billions in investment, only to lose all value when the lie is exposed. A rival company can call the bluff and short sell on the false claim. This protects investors from being fooled into investing in worthless stocks.
What incentive do you need to sell? 2000%?
This same headline every few months.
Classic short squeeze. They never learn.
Those were so bad lol I bought them for my girlfriend knowing they were really just a joke but they were the shittiest quality shorts like maybe $3 worth of material
Why bring up 3 years ago? Might as well count the gains when it went from $1.30 to $400 by that logic.
> Shorting is an important financial instrument. True, but the people who short a stock *and then also* attempt to manipulate the stock by spreading FUD are the ones who give it a bad name.
2S3XY
The stock just jumped up 30% when literally nothing changed. It can’t stay this way
The red brown fox.
Tesla is hugely, magnificently overpriced… but it’s also a meme stock. Short at your own peril. When it comes back to reality is anyone’s guess and it could be a while.
Naked shorts, sure.
He’s so good at moichendizing
Down voted for this? Either you guys weren’t around during Spaceballs or Tesla owners are getting dangerously too sensitive, JfC, check yourselves
Well, "to be fair", that would only count if they actually closed out their positions at $100. And guessing by the way they were talking, I bet they didn't.
I wonder if we'll have to listen to this tired old line in ten years time.
Doubt it. You can only maintain a market cap of 100-200x earnings for so long. You can meme stock a while but eventually the market reasserts itself.
F$&k the short sellers and Elon.
What about those bag holders who bought Tesla stock at $400? How many billions have they lost? And as for those buying in now, they might also end up holding the bag :)
That's funny. WSB used to love Tesla and Musk ~2017 when I first heavily got into Tesla.
Ah, the old chorus to the old line. People said that 10 years ago. Those people lost billions.
Helps to have a corrupt pos as the leader of Tesla using his government position to increase stock value.
Tesla stock is overpriced. Bubble will burst.
Musks dong is super itchy too.
Keep telling yourself that.
Good for you
The stock has dropped since Election Day. But it’s still hovering above $293. If it breaks that we shall see that change.
> or Tesla owners are getting dangerously too sensitive Getting?
Shorts will win when the EV tax credit gets killed next year
8 billion.. Shorts are bailing, and one will be bag holder!
8 billion
This is going to 10k in 10 years
Hahaha old billion bahaa i keep thinking how to loose a boner.
Could be...
What was the reasoning for selling?
Take profit and don’t roll the dice on the election. It was ultimately not a huge sum of money either way so no real skin in the game.
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