News for hackers. Stuff that matters.

A comment on 10 years of whatever this has been. Parent comment

Re:10 years of whatever this has been by XorNot on Thursday November 18, 2021 @06:07PM (#29271762)
Which might be relevant if it was 20 years later, but it's not. Tesla's stock run-up preceded a number of unprecedented events that are all notably not associated with it's actual fiscal success. So it's incredibly vapid to a year later saying "see! It's not going to crash!"

I mean sure...put your money where your mouth is on that one, but I'm not buying TSLA at $1096 per share.

[ Parent | on HN ]
Re:10 years of whatever this has been by fossuser on Friday November 19, 2021 @07:56PM (#29284584)
The claim was that Tesla wouldn’t ship Model 3s successfully and would fail. That claim is false.

The stock price today may be a bubble, I don’t know. But Burry’s comments were before the current run up.

[ Parent | on HN ]
Re:10 years of whatever this has been by XorNot on Saturday November 20, 2021 @10:03AM (#29288671)
The original comment was nothing about Burry. Burry is relevant because he did sucessfully make money off the GFC by spotting the issue. Barely: he was facing stockholder revolt over the fees involved in maintaining the position, even though it resolved.

Which is the point: the market can (generally) remain irrational longer then you can remain solvent. Even when you're right.

[ Parent | on HN ]