What I'm wondering is if your shorting the market is covering your loss in TSLA. TSLA is an investment,long term. Shorting the market seems to be a hedge. Seems like a no win situation. One has to go up to cover the other going down. I'm assuming that the shorts are short term so the risk is in the long term hold.
i do day/swing trade, break out trader, buy from support, trading 3x etf/etn and i got a 401k account with my employer which is 70% cash right now and vanguard traditional ira which is also 100% cash.
I think TSLA is still significantly overvalued. Even if they grow earnings at 40%/year (which I don't think they will as they are about hit tons of competition and their other revenue sources are still small) they will have a 5 year earnings cash flow of just $180B. It would take 9 years of 40% growth to get the cash back.
Gotta be mixed emotions; Hoping the market goes down so that your shorts are profitable while watching the market value of your investment portfolio decline. You chould be an investment guru. On the down days you can show your short trades and on the up days you can point to the gains in your investment portfolio. Win/Win.
Tesla revenue for 2020 up 70%, 2021 up 75% GM CEO speaking out of her ass, clueless, sounds like Marjorie Taylor.