Tesla is the worst-performing stock in the S&P 500 this year
qz.com
Worse than Etsy. Worse than Boeing. Simply the worst
  • OldWoodFrame@lemm.ee
    31·
    10 months ago

    I wanted to short it because it was obviously overvalued but I was absolutely not confident it would come down because I will always believe there are greater fools among the Tesla shareholders.

    • Billiam@lemmy.world
      47·
      10 months ago

      Remember: the market can remain illogical a hell of a lot longer than you can remain solvent.

    • phoneymouse@lemmy.world
      3·
      10 months ago

      Something about how the market can stay irrational longer than you can remain solvent…

      Michael Burry, who shorted the housing market in 2008 and made big upfront payments for that bet also shorted Tesla in the last couple years, but bailed because it was too risky for him.