This is not directly related to Tesla, but I thought Seth Klarman has some good points in a letter posted on Zerohedge. He's very "doom and gloom" in his wording, but some of the points about the solidity of the US and European economies, very high appetite for high-risk investments, high cycle-adjusted P/E ratio etc. do make sense to me. Seth Klarman On Market | Zero Hedge What are your thoughts on this? It is obvious that Tesla would be very harshly punished in a broad market downturn.