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/biz/ - Business & Finance

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24629133 No.24629133 [Reply] [Original]

What a retard

>> No.24629164

>>24629133
Shits going to crash hard

>> No.24629184

Fuck this autist is never wrong. If tesla goes the whole nasdaq goes. If the nasdaq goes crypto goes. Fuck fuck FUCK

>> No.24629197

>>24629164
you've been saying this for 10 years

>> No.24629223

>>24629197
No I haven't

>> No.24629523

>>24629133
I literally bought today

>> No.24630062

>>24629164
I'm honestly conflicted, yes Tesla is a gigantic bubble propped up entirely by billion dollar hedgefunds. But at the same time there is a reason those hedgefunds gambled on Tesla, I don't think even covid can bring it down. Especially when you factor in the climate change government subsidizations being rolled out and potential eco friendly car grants/ loans.

I don't hold Tesla but my gut tells me I should.

>> No.24630151

>>24630062
>Especially when you factor in the climate change government subsidizations being rolled out and potential eco friendly car grants/ loans.
Big oil always wins in the end anon.

>> No.24630189

>>24629184
>if nasdaq goes crypto goes
what why?

>> No.24630243

>>24629133
The fact that musk doesn't have an at the market agreement with Goldman larger than the german economy proves that he has no idea what hes doing and has been riding luck this whole time

>> No.24630379

>>24630243
what kind of agreement you are talking about?

>> No.24630488

>>24630151
big oil didn't win in 3200BC.
I can confirm because I was alive in 3201BC

>> No.24630544

he's smart

>> No.24630594

>>24630189
>every time stocks crashes so does crypto
>highly speculative assets (like crypto) are for speculation in a safe economy
its not that hard to understand

>> No.24630659

short tesla as soon as it gets listed on s&p
shorting before s&p listing while funds are still accumulating and normies are fomoing is retarded
tesla's stock price collapsing is going to take the nasdaq and bitcoin down with it

>> No.24630681

>>24629184
If TSLA goes the S&P goes...

>> No.24630754

>>24630594
>every time stocks crashes so does crypto
Except all the time it doesn't. Panic like in March influences the prices of both but indicators that the stock market is overinflated just cause people to sell stocks.

>> No.24630967

>>24630062
>1000 PE ratio

surely this is rational and can continue forever

>> No.24630970

>>24630379
https://en.wikipedia.org/wiki/At-the-market_offering

>> No.24631094

>>24629133
also it seems like this wasn't actually michael burry, but someone impersonating him. Check out the account now

>> No.24631636

>>24630967
Post shorts

>> No.24631681

https://twitter.com/michaeljburry

who the fuck is this vietnamese cunt

>> No.24631766

>>24630151
>Big oil always wins in the end anon.

Until big green makes more dough

>1000 PE ratio
They'll probably keep pumping it until it becomes profitable. Considering the WEF predictions it sounds like Daimler, Volkswagen and the others are going out like the dinosaurs. They're trying to hold onto the market but I think it's futile. Zoomers are growing up with Musk with a cult like following of Musk. He's personable. Do you think the average zoomer knows the heads of Volkswagen? BMW? Ford? I highly doubt it. It's retarded and sheep mentality but it's happening I believe.

Say what you want about a good ol' fugazi but you have to admit, they work.

>> No.24631785
File: 40 KB, 1281x268, imigananidesuka.png [View same] [iqdb] [saucenao] [google]
24631785

>> No.24632596
File: 306 KB, 750x1070, 311D4C72-1D13-4BA9-B36C-50B0FFD1EA99.jpg [View same] [iqdb] [saucenao] [google]
24632596

>>24629133
you're a retard

>> No.24632643

>>24630488
3201 BC came before 3200 BC

>> No.24632675

>>24631681
Probably the greatest trader of the 21st century so far

>> No.24632818
File: 217 KB, 1280x960, im-173624[1].jpg [View same] [iqdb] [saucenao] [google]
24632818

>>24629133
Is this 2007? This post reads like I'm in 2007 again. I mean, he was called a retard too when he first started shorting housing. Look how that turned out. It just took a bit more time than anticipated because crooked markets, but shit comes back to reality at some point. And with a bang.

>> No.24632989

you retards forget that michael vurry shorted the housing makret in 2005, 2 years before the crash
fuck knows when tsla is going to correct, if it ever does

>> No.24633259

>>24631785
Thats terrifying

>> No.24633295

>>24631636
I'm short the entire Market by not investing in the market.

>> No.24633354

>>24632675
It’s a fake account retard

>> No.24633430
File: 206 KB, 932x452, simp strategy.png [View same] [iqdb] [saucenao] [google]
24633430

>>24629133
I like how he shorted and then tried to talk Musk into diluting the price of the shares kek. If you're going to short at least sack up and have some conviction in what you're doing. Don't tweet the CEO of the company you're shorting and try to get him to help you out.

I respect Burry but this kind of move just shows he's out of touch now. I don't blame him. Plenty of these world class, legendary traders are out becoming out of touch. Shit has changed immensely in the past few years imo

>> No.24633459
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24633459

>>24629133
indeed, retarded

why do high iq individuals not understand that midwit iq and below are pricing in the economy of mars, and then the economy of the solar system, and then the economy of other planetary and star system, and then the economy of galaxies, and then the economy of the universe, and then finally the economy of multi-universes?

you bet on the man not the company, holy shit these so-called geniuses are retarded.

>> No.24633496 [DELETED] 

>>24632675
He's also not vietnamese kek

>> No.24633755

>>24632818
He also predicted the dotcom bubble bursting and came out unscathed.

>> No.24633790

why the fuck would you bet against the biggest big data play since google?

>> No.24633911
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24633911

>>24629133
If the 08 autist is shorting TSLA then it's probably good to put your money into something else.

>> No.24633971

Why tf are the premium on puts so fucking high

>> No.24634024

>Michael Burry VS Tesla

I couldn't imagine a memier timeline. "Shorting Tesla" may as well be a colloquialism for committing suicide at this point and now the Big Short Man is stepping up to the plate.

>> No.24634045

>>24633790

It's horridly overpriced relative to the rest of the market. Of course that's just based off of historical study, this is clown world and in clown world if you barely sell any cars you get 60% of the entire automaker market share.

>> No.24634092

Stand amongst the ashes of a trillion dead Tesla shorts, and ask the ghosts if fundamentals matter. The silence is your answer.

>> No.24634109

>>24634045
It's not an automotive company it's a battery, data, and ai company

>> No.24634120

>>24634024
But you don't realize the fact that this guy has the stones and strong hands to sit through years of losses on a short position. He did it for 2 years before the 07 crash, during a period of some of the most rapid growth in north american real estate when most markets were borderline parabolic. If he thinks he's right, he's never fucking selling until the bottom. He's never been wrong.

>> No.24634130

>>24631636
dumb argument. saying something is overpriced doesnt mean the price cant go up in the short term. youd know this just by watching THE BIG SHORT

>> No.24634153

>>24634120

Only have to be wrong once in a big way. This is investing, buddy. We'll see if he even takes that big of a short position or if he's just enjoying the limelight, he's gotten a lot of attention with the rise of r/wsb.

>> No.24634176

>>24634130
>short term

But hasn't Tesla been going up its entire existance?

>> No.24634185

>>24634045
I said big data

>> No.24634213

>>24634185

They aren't guaranteed Google's monopoly. The rest of the market is getting into EV's and automated software now.

>> No.24634240

>>24634130
Ya but he's even said himself he doesnt care if he's too early if he knows something is going to happen. The housing market went up a lot before it didn't anymore. This guy isn't looking at 1min charts sweating a 100x position, lol

I don't see how any sane person can see a p/e ratio over 1100 and think "ya this will just keep going up".

>> No.24634253

>>24634153
After his big housing bet he gave an interview with 60 Minutes where he admitted that his position was way too large and that he wouldn't go all in like that in the future, I'm guessing he didn't bet the farm on shorting TSLA.

>> No.24634255

>>24629523
Massive sell signal

>> No.24634424

>>24634176

Tesla hasn't been going up 1000% in a few months it's whole existence.

>> No.24634502

vw is taking over more of the ev market share. the id3 is comparable to tesla's cars in terms of range and it's cheaper
https://europe.autonews.com/sales-segment/vw-id3-jumps-top-ev-sales-chart-europe
tech companies like google have a better chance of figuring out self driving cars first too.

>> No.24634581

>>24634253
That could just as easily mean he will put money into shorting gradually as it goes up instead of going all in at once.

>> No.24634601

>>24629133
TSLA is shit. And Elon Musk realises that he overpromised. All of his technology is quite simply either shit or it can be rather easily rebuilt. He has no Moat at all. You can meme about "not a car company" all you like, but what's left when you strip the car part? An American based battery maker that will not be able to outcompete chinks...or a self driving car company, that drives its passengers into their death. Or a solar company, that doesnt even deliver good solar panels and just reuses 20 year old tech and sells it to literal mouth breathers who think theyre part of a revolution.

>> No.24634631

>>24629184
>>24630681
Tesla has 'crashed' 30%+ more several times before and never it effected the nasdaq or sp500. newfags

>> No.24634639
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24634639

Well shit. I have 340 shares. What should be my exit strategy? Should I put in stop loss orders 100 points below the current price every day?

>> No.24635302

>>24634631
Tesla crashing did effect the nasdaq and tqqq, etc indexes that track sectors of it. The issue is that the money generally flows from one speculative stock to another. Now if tsla falls so will swaths of the market.
Tesla was extremely overvalued when it was allowed to be included in the sp earlier this year; there is a real freaking good reason it was denied as being overvalued. Nothing has changed -- the whole market is high on fiat and hopium.
When tesla was announced to join the sp500 it made every investment fund scramble to get enough of the overvalued stock so they could track the index with their ETFs. Now Tesla's price fluctuations have the ability to effect not only TQQQ etc. but also SPY etc.
The only thing truly propping up Tesla's share value is China's investment in it.

>> No.24635466

>>24630062

Tesla is just a car manufacturer. Like GM and Ford, except unlike them, it's astronomically overpriced because of a "tech" varnish.

>> No.24635505

Montgomery County, Maryland, Minority Students Crushed By Lockdowns; 600% Increase In Math Failures, 500% English
This is a sign that blacks and browns really don't give two craps about these subjects. These people are literally a disease to our society.

>> No.24635543
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24635543

>>24635466
D-do you think it's gonna pop soon? Should I start putting in daily stop-loss orders in case it dips while I'm busy?

>> No.24635552

Longtime Tesla owner and cultist here. 2021 is not good for Tesla. I sold all my Tesla for Bitcoin in August. Not a larp.

>> No.24635585

>>24635543

Protect your principle and your profits. Bury knows what he's doing and a lot of the 2007-2008 winners are starting to speak up about how overvalued and detached the market is becoming, especially in an alleged recession. Dumb money is going to learn a hard lesson soon.

>> No.24635600
File: 4.00 MB, 400x225, Mio_Honda_gets_a_job_and_tries_yuri_but_ends_up_in_suffering_(part_2)(1).gif [View same] [iqdb] [saucenao] [google]
24635600

>>24635505
H-How does this affect my decision to sell my shares?

Anon I'm sweating here. I don't wanna lose the 200K I made this year. I don't wanna end up like Mio Honda and lose my money on crude oil futures.

>> No.24635686

>>24635552
>>24635585


Thx. What do you think of this plan?
I'll sell 25% at 700, then 50% when/if it rises 750 or when it dips to 650, then see how things look after that, and I'll throw up a $600 sell line as a safety net every day for 75% of shares. I might hold on to 25% in case they pop up again.

>> No.24635695

>>24635466
Tesla can’t really be compared to traditional car makers. If they get self-driving cars to the market before anyone else — that alone is enough to dethrone Uber.

>> No.24635708

>>24634213
Yes they are. The A.I. space is way, way more about first mover advantage than a web crawler. Yahoo and others were there before Google. No one is here with Tesla. Only brainlets can't register the complete monopoly Tesla has. When self-driving cars are regulated Tesla will be the only company that will pass the barriers. Every second that passes all that driving data grows larger and larger. You can't just form a new company and then win over consumers like any other industry. It's over already. Tesla won. Shorters will rope short term and long.

>> No.24635773

>>24634502
No they're not. It's not a brain power or money power dynamic. It is literally a data issue. Every second that passes Tesla is accumulating crucial crucial self driving data where they will completely own the space. It is extremely complicated. Even if the best engineers at google start right now with an unlimited budget they will never catch up to Tesla. Now imagine other companies like GM, lol. You brainlets are so stupid. A.I. engineers are telling you this. You just don't want to listen.

>> No.24635805

>>24635773
Getting a lot of data isn't hard. Even startups like Comma AI do it and they can just copy Comma AI or buy it out.

>> No.24635911

>>24635805
They are good but that's my point. Comma AI is behind Tesla already and operating with a fraction of the budget and a fraction of the engineering base. Even if GM buys Comma AI they would still be behind Tesla. There's literally no way to catch up to Tesla and yes the data isn't hard but to accumulate it you need the hardest commodity to capture, time. Tesla has the time and will continue to log in time while the other attempts at self-driving autonomy capitulate.

>> No.24636094

>>24635911
This is insane levels of cope. Sorry dude but Tesla cars are objectively gay, have poor build quality, and look increasingly dated.

Only onions boys want a fully self driving car except for maybe on boring highway drives. Your argument assumes we'll all wake up one day and be like "WELL FUCK I JUST DONT WANT TO DRIVE ANYMORE, TIME TO BUY A TESLA".

That's your best case scenario.

In reality, fully self driving is going to be google glasses tier for absolute cucks. Driving is actually fun and having a self driving car is pretty meh. I wouldn't be in a rush to buy one personally and I think most people would feel that way. Especially when semi-autonomous vehicles that can do what you mostly want out of a self-driving car (heavy traffic, highways).

So now you're claiming Tesla will disrupt all of Uber. Again total fantasy. Even if you add Ubers map, Tesla would still be over-valued. And Telsa isn't setup to become the next Uber, nor would Tesla owners necessarily want to drive drunk fucks around in their car.

The future you dream of won't happen the way you think it will. You think it'll be like flipping a switch and Tesla is king. Even if it wins the race to autonomy, it will never achieve the market domination needed to support its current valuation.

>> No.24636124

>>24636094
They will when driving is made illegal. Look at the deaths per year from automobile accidents. It's coming :(

>> No.24636160
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24636160

>>24636124
When, in 2060? No way it's gonna be anytime soon because everyone would have to buy a new car.

>> No.24636183

>>24636094
Have you ever driven one poorfag? The S model rips so hard it pushes you back in the seat as it goes from 0-60.

>> No.24636210

>>24634502

The id3 is objectively worse car than model 3