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Bo McGillacutty
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Comments by "Bo McGillacutty" (@Mrbfgray) on "Jim Chanos On Tesla’s ‘Stunning’ Accelerated Rate Of Executive Departures | CNBC" video.
Hayden Macfarlane There is no 35k Tesla at this point, not even close. I hope they can accomplish that in the near future but I wouldn't bet grocery money on it right now.
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It's the nature of being listed on a stock exchange and offering equity, if you can't handle criticism from all sides, too bad. It's not a realm for fragile children. Best not own individual stocks if you can't consider both the bear case and bull case.
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3 yrs later--this should be entertaining and usefully informative. Sure happy I backed up the truck about a yr after this vid aired, starting at $38. The real torrent was the 10's of billions transferred from such as Chanos to the likes of ME!
3
blableka They all knew the risks or should have. Some make a pretty good case for the possibility that TSLA could gain by a factor of ten in as many yr.s, you don't get that sort of upside without high risk. There is always two sides to every "trade". I would say that many don't want to hear this sort of criticism which is stupid from an investment stand point...one should always challenge their premises.
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What's "not always the case"? The risk of equity getting wiped out is based on the management and prospects of a given company, always complex. It's about as useful as "buy low and sell high" to point out it can go to zero...if you don't have that much understanding then you have no biz in markets except for maybe low cost index funds. I agree that the cult is keeping a floor on TSLA price, that's both reassuring and concerning for me. I need more than that. I love the "Musk Mission" but I need to have confidence in a decent risk/reward scenario which is ALWAYS hard but especially with Tesla.
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Mark Baum You seem to have a lot of confidence in that assessment--obviously you must be short TSLA with all your worth, or maybe your just another cheap talker.
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Amar Khandve He certainly knows what he's talking about but that doesn't make him right in the end, only time will tell, it's complicated.
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Mark Baum And how about YOU Ace? Have you shorted TSLA with all you got or are you just another cheap talker.
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Yeah it's always easy to say in hindsight. I take it you were heavy long in AMZN and GOOG(L) for the last 15 yr.s, or at least in the mid 2000's? To say there was "no risk of losing your investment" in those is wrong, there is always that risk, but it's also missing the point....it's no fun to see your money cut in half either and that is CERTAINLY possible with ANY stock. I have done well with AMZN but it too can be hard as it's valuation is extreme and it has dropped some 35% on several occasions over the years, to NOT SELL low can be very difficult when you don't know where it's going to stop falling and you have suffered big losses already, and you never know where it's going to stop. If you think it's ever easy I suggest you haven't had real money in the game for long. I could never quite get my head around NFLX either and I missed out on a stunning 10X!!!....gain in a mere 5 yr.s on that one...that's the way it goes, you miss some of them. TSLA I'm always watching but only traded it a few times, if they manage to really produce it, cut costs, drastically improve quality and start making real money I will reconsider but it may be too late by then if it's reflected in the stock price.
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It seems a lot of Tesla fan-girls can't handle the bear side of TSLA. Those who are currently or thinking about buying this stock should listen to all sides, there is ALWAYS both a bear and bull case except maybe in the case of Sears or the like.
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Chalky Wilston Yes they have disrupted the entire industry even with such low production...that say's almost nothing about their prospects for existing as a company going forward however. They already accomplished Elon's stated goal for the Co....to accelerate the conversion to EVs globally.
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@thesolarfutureenthusiast1102 Fun while it lasted.
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Funny and hyperbolic, extremely critical which of course benefits a short seller. I wouldn't dismiss Chanos however, he's worth listening to right or wrong.
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Absolutely-- but not as priceless as Chanos and kind transferring 10's of billions to dumb retailers like ME. Hahahaha
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Funny but not as fun as Chanos and kind transferring 10's of billions to dumb retailers like ME. Hahahaha
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