You're not alone.
I wouldn't buy it at these levels (or even close to), but I wouldn't short it either.
(paraphrasing C.Munger)
I wouldn't buy it at these levels (or even close to), but I wouldn't short it either.
(paraphrasing C.Munger)
I share Munger's opinion, not just on Tesla. I don't short companies because, as John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” And if I were to short companies, I'd be more likely to choose a Kodak anyway because at least Tesla has a crazy genius CEO who could conceivably grow Tesla to a point where everyone says Tesla's August 2020 would seem reasonable.
That really explains a lot with what's going on in the current economy.