Hello, I am new to this forum, however has been lurking for a few weeks.
I got into TSLA at 30ish, and had to sell at 80ish as i needed money as a down payment for my house.
Overall, i love the company and the product, however the price here is insane. Pricing in huge growth with very little risk discounting is not prudent.
I have finally shorted TSLA at 155, covered a half of my position and got some Dec 100 puts instead.
What triggered my position was the stand that Musk took with the fires. Launching into funny math of comparing Tesla fires with current ICE fleet fire statistics makes no sense.
The argument should have been Model S vs. Mercedes S class or BMW 7 both 2012-2013 model years as benchmark.
I predict that there is actually a recall that will have to happen and meanwhile there is a cloud of uncertainty that will drive the stock lower on a short-term.