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by ptsch 2939 days ago
This is a cult like speech. Its management has fiduciary duty to its investors to do their best to give them return. It’s not a non profit foundation.
2 comments

This subject comes up frequently on HN, but Tesla does not need to maximize their profits to ensure shareholder fiduciary requirements are met. I invest because it’s a cause that matters to me.
So you think people who work hard for Tesla do not want/expect to make money on their stock options? It’s literally a part of compensation package.
Employee compensation is valuable consideration of course. I prefer to not enable short sellers from profiting off of Tesla’s challenges, if that wasn’t clear.

Sidenote: Tesla employees with stock comp are going to do very well when a short squeeze drives the stock price up. And they deserve that comp.

Sure. But Tesla isn't the cult. Tesla is a fellow member. If St. Musk's vision doesn't pan out, I don't care much that I won't be the richest man in the wasteland.

To people like myself, those who short Tesla aren't short an unprofitable car company. They're short a better future. I make no apologies for being willing to take a small loss to cause them a big one. Anyone considering shorting this stock should consider that I'm not alone in that sentiment.