Skating to where the puck is going

[strife]

This guy thinks you should sell your Tesla.

Link

He sounds like he knows what he's talking about Of course I don't understand a lot of what he's saying being that I don't dabble in the whole stock trading thingamajig

The bottom line is that this stock has gone up for all the wrong reasons. It started its surge due to a misleading profit, then benefited from a short squeeze and more unusual gains in the second quarter. None of that is sustainable. The short squeeze is dying down, and the accounting trickery cannot go on forever. TSLA is like Wile E. Coyote running out in midair. Once the market looks down and realizes there’s nothing supporting that lofty valuation, it could fall a long way.

I would not recommend investors try to short TSLA just yet. The stock still has a lot of momentum and could continue to go higher despite its poor fundamentals. Trying to short a high momentum stock is just asking for trouble. As the saying goes, “The market can stay irrational longer than you can stay solvent.”

However, investors should avoid TSLA, and those holding the stock should sell and enjoy their profits. The problem with an irrational stock is that there’s no way to predict when it will be rationally priced again. Just know that when the market comes to its senses—probably once all those option holders have cashed in—those holding TSLA are going to lose a lot of money.