‘Tesla Risk’

‘Tesla Risk’

I hesitate to weigh in on this, partly because the situation can turn around so quickly, and partly because it's a magnet for irritable market participants who can't find a sane middle ground between being completely aggrieved at Tesla's inclusion in the S&P and being deliriously ecstatic about the company's meteoric rise. Tesla, like Bitcoin and Donald Trump, is something about which you can't speak without irritating someone. It's too polarizing. It's impossible to strike an agreeable cho
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5 thoughts on “‘Tesla Risk’

  1. I sort of hope that Musk already sold out of Tesla’s Bitcoin position for a cool multi billion USD profit- sure seems easier and cheaper than raising USD through a secondary offering (haha)!

    I am not a fan of Tsla stock and don’t even get me started on what a relatively small impact shifting to electric vehicles has on improving our environmental problem – not saying this shift does not help- but maybe the investment by the Federal government could be better spent (than supporting EVs). We need to address the production of electricity for the electric vehicles to make a meaningful impact.

  2. A “Plaxico Burress moment,” good one. I thought this might have been a reference to a dead, Portuguese economist famous for an equation describing the steepness of rolling top declines that look like the RHS of a y=-x^2 parabola.

    Bitcoin and TSLA articles are fun. But, kind of surprised there’s been no review of ARK and how it could be a potential catalyst a dreaded “doom loop” scenario.

    Let’s hope we get the 20% decline so we can get back to business and ride hot into summer.

    Imagine how boring this would all be if $SPX had only recovered to 3200 at this point. The counts of new subscribers to financial- and market-related web sites would be so much lower.

  3. I’m hesitant to ascribe too much strategy to Elon’s tweets, but I do find it interesting that when things start feeling a little “too rich” (certainly a relative term with TSLA), that he always finds a way to say something that brings it down a peg. Conversely, when the stock seems a little beaten down, he seems to suddenly sound less crazy. Maybe it’s just my imagination, or maybe there’s something to it.

    I also agree with the polarizing comment, and I’m fascinated by what a Rorschach test TSLA seems to be. I’ve seen enough of this to start to wonder if those who have strong opinions about the market in general seems to have a similar feeling about TSLA (either euphoric or apoplectic).

    Back to Bitcoin, if this phenomenon has the likes of Gundlach now telling people to ditch gold and buy Bitcoin then I like the short term prospect (as I’m long Gold and like the odds of fading anyone who follows Gundlach).

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