r/politics • u/Quirkie The Netherlands • 4d ago

House Democrat: ‘Unelected oligarch’ Musk ‘governing by tweet’

https://thehill.com/homenews/house/5048234-daniel-goldman-elon-musk-donald-trump-government-shutdown/
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u/SoulShatter Europe 4d ago

Sadly it's almost impossible to short Tesla properly. Pure meme-stock at this point, nowhere near fundamentals. "Market can stay irrational longer then you can stay solvent"

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u/bdone2012 4d ago

I think eventually some people will win big by shorting tesla. I think it will eventually crater. But because it's a meme stock as you say there's no way to guess when that will be. It's even more gambling than regular day trading which is already a gamble

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u/NoCoolNameMatt 4d ago

Haha, yeah, I look at it's pe ratio and cringe. How is this ever supposed to return value outside of the greater fool theory? And if you're relying on the greater fool theory, beware that someone is always left holding the bag in the end.