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by randmeerkat 2019 days ago
Elon Musk will love this: Tesla short sellers lost more than the US airline industry this year

https://www.cnn.com/2020/12/04/investing/tesla-short-sellers...

1 comments

To be fair, all of the Enron shorts lost their shirts until they didn't. I'm not saying that TSLA is an Enron, but using performance thus far as an indicator of likely performance into the future is a famously poor idea.

TSLA has famously bad QA issues, etc etc I don't need to go on. Few (including some of those who are holding TSLA stock right now) would say that there is meaningful justification for the current valuation.

A more recent example is WeWork.
No one got a chance to short WeWork since the IPO never happened.