> if you can't appreciate how Elon managed to turn Tesla at concept car stage to current mass manufacturing capacities and being more valuable than next 7 car companies combined
So government bailouts followed by cultivating a breathless cult who throw money at making your stock the most overvalued asset in history?
Tesla took government loans and paid them all back with interest. there was never any bailout but I can tell you just hate the man regardless of facts.
Feel free to put your money where your mouth is by shorting TESLA if you feel like it's so overvalued. and get crushed like everyone that did just that along the way.
No, Tesla did not receive any funds under the 2009 auto industry bailout.[1] The $80.7 billion went to Chrysler and GM.
Tesla did receive a government loan of $465 million under the Advanced Technology Vehicle Manufacturing program, a program signed into law by Bush in 2008. Tesla subsequently repaid that loan.
> Tesla took government loans and paid them all back with interest. there was never any bailout but I can tell you just hate the man regardless of facts.
Many people don't know this but the vast majority of the money that was spent in 2008 was actually given out as loans, and those loans have been repaid with interest, netting the Treasury over $100B in profit, with billions more in quarterly dividends continuing to this day from Fannie and Freddie.
Do you think the 2008 TARP package was "not a bailout" also, because it was repaid with interest?
> Feel free to put your money where your mouth is by shorting TESLA if you feel like it's so overvalued. and get crushed like everyone that did just that along the way.
Selling put options on TSLA has been one of my more profitable plays for a long while, so maybe not.
Only people who don't understand stock trading fundamentally would say that. You have a completely different risk profile when you sell short vs when you take a long position. You pay market interest on borrowed shares (which can eat you alive), you may get your position recalled by the lender, you may take a margin call. Being right at the wrong time is the same thing as being wrong when you're short -- not when you're long. Intelligent traders would take a short position involving options as a hedge - or would sit on the sidelines and not bother.
You sure typed a lot of words without actually saying anything. Can you stop and think for a minute? Selling puts and profiting from TSLA is not a vindication of your view that the company is trash, the stock is so volatile that you would be a fool to not sell puts even if you’re bullish. I for one have profited a lot by raking in the premiums selling the puts and then also seeing the value of the stock I was “forced” to buy at lower prices appreciate tremendously. This is not a vindication that my view of the company is correct though.
Long positions have a completely different risk profile than a short position. One has unlimited upside and a capped downside. One has unlimited downside and a capped upside.
Saying "put your money where your mouth is and short" is asinine because they have completely different risk profiles.
Did that help?
> Can you stop and think for a minute?
Depends who you ask tbh.
> Selling puts and profiting from TSLA is not a vindication of your view that the company is trash.
Selling puts is a long position -- a bullish position -- not a short position. You would only sell puts if you were optimistic about the company. The fact that you don't know that tells me you're not ready to trade options and vindicates my statement that you don't fundamentally understand stock trading. So maybe stop going around and telling people to "put their money where their mouth is by shorting."
> Selling puts is a long position -- a bullish position -- not a short position. You would only sell puts if you were optimistic about the company. The fact that you don't know that tells me you're not ready to trade options and vindicates my statement that you don't fundamentally understand stock trading. So maybe stop going around and telling people to "put their money where their mouth is by shorting."
I just said I use selling puts as a bullish strategy, do you lack basic reading comprehension skills?
So government bailouts followed by cultivating a breathless cult who throw money at making your stock the most overvalued asset in history?