snugglo
2024-05-28

$Tesla Motors(TSLA)$ I have been running a short bet against Tesla since July last year using Put options. Despite a minor setback in Q4, the bet is still up around 80%. After re-evaluation of the thesis, I decided to continue the short bet. I think risks are still skewed to the downside in 2024. Tesla is still valued higher than the 10 largest car manufacturers globally combined, but sales growth will likely slow down further this year and profit margins are unlikely to increase again. We will see more hype around AI and robotics, but there is no timeline for when Tesla will deliver products.

Elon Musk: the Man Creates Miracles or Paints Pies in the Sky?
After Tesla's delivery and financial data fell short of expectations, Elon Musk announced the release of a new vehicle model and visited China to address FSD obstacles. Tesla subsequently surged by 15%. Some say Elon Musk always manages to create miracles in moments of crisis. However, it seems that there hasn't been substantial progress with FSD. $Tesla Motors(TSLA)$ drops to $170 in pre-market trading on Reuters’s news. -------------- Is Elon Musk the one who create miracles or paint pies in the sky?
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