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by refulgentis 1944 days ago
I highly recommend not doing this - I was shocked to see this article because I'm surprised its _still_ rolling - 2 or 3 years ago I was in your spot, and I would have wasted a ton of money and acquired a much darker view of the world.

Much like TSLA, it'll be 10% of its size eventually, but who knows when or why, its teflon until it isn't.

2 comments

Why will TSLA be 10% of its size? Why can't it 2x and be worth an Amazon?
Because Amazon has 1.2 million employees, $386.1 billion yearly revenue, and $20 billion yearly net income. Tesla has yearly revenue of $31.5 billion and net income of $721 million. Presumably people think that Tesla is priced for explosive growth, but Amazon has also been on a growth tear that shows no sign of stopping, so the basic premise that Tesla at less than 1/10th the revenue and 1/20th the net income is worth half as much as Amazon seems fishy.
The bull case is Tesla goes 0.8% of global car sales to 20% or some such. Which is not impossible.
People just throwing numbers. In the very long term, everything will go back to 0. Thus, not putting a timeline for your predictions is useless.
You wouldn't have wasted much money. At one crypto venue, this trade costs you less than 1% per year to keep on and ties up only 5% of your collateral (assuming you are 1x short and don't push the "pay higher fees for more leverage" button)