Yeah, he made similar thing with Google's IPO, bragging Google was way too expensive. This guy is a genius : do exactly opposite and you are rich. Conclusion : you can short Tesla @USD200 and buy back @30 ! Chris Mac
Actually, he is a genius, an academic genius. He was a Baker scholar at Harvard Business School, i.e. top 5% of his class. However, his AUM peaked at $400m in 2011. Now at $59m.
And that is why he failed because he was too confident with his brain. Trading is about skills and mental, not IQ level. LTCM guys, Jesse Livermore... All geniuses but they lost fortunes...
And humility. Recognizing when one is wrong and getting out asap rather than holding on to a TSLA short for up to a 500% loss!
I got TSLA under a breakdown watch, but at the same time this is double support area BREAKDOWN WATCH for possible breakdown below 187.95, no support in area just below. Type: True breakdown from double support. Target: 170.1, 11.3% Cover: 198, Loss: 3.3%, Profit/Loss ratio: 3.4 : 1 - Excellent source: TSLA at StockConsultant
Shorts might want to be careful. Elon just tweeted re 9 am Thur press conference OTA update to end range anxiety? I got no skin in this