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Impact Of Tesla Inclusion On S&P Valuation Greatly Exaggerated, Goldman Says
I think it's fair to say that market participants are obsessed with Tesla index inclusion.
The term
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I have never shorted a stock in my life. For the past few years I have contemplated shorting TSLA multiple times, really glad I didn’t. I’ve seen multiple people try and fail miserably. TSLA appears to be the 8th Wonder of the World right now. Is their energy storage technology that transformative…? And now can’t TSLA just issue shares any time it needs some financing given the parabolic move in the stock?
Very interested in others’ thoughts on the TSLA phenomenon.
My mind = ridiculous. As to selling stock when they want,; they did just that recently, another $5 bil. Good thing they can because if the stock were to start down the escalator, debt costs might just rise. As it is five bil in stock vs 600 bil in market cap is minuscule dilution and they will need the money to grow as they think they will.
100% it’ll collapse. It’s just a matter of when.
Glad to see I’m not alone. Thought about shorting multiple times. A good short involves a visible catalyst. Glad I deferred but still tempted. Especially with S&P inclusion, this is in the purview of professional traders who can constantly monitor it. I still think it will be a home run short one day, but unfortunately without me.
It’s hard to short a cult.
I will say in Tesla’s defense, just about any non-legacy automaker working with electric vehicles is at a ridiculous valuation–Nio, Nikola, etc. Not all of Tesla’s rise this year is Tesla related.
Some catalyst will re-rate the stock. I have no idea what or when that will be.
Isn’t ‘when’ the magic that all the market players have been trying to nail down from day 1??