I was long on TSLA but I am shorting it and place some puts. I have already placed sell orders after 30mins. and thank goodness I did. I’ll be watching trade volume and see how much is sold off before I get back in. Expect heavy red tomorrow
As a short term swing trade that might work out for you, but long term shorting TSLA is a terrible decision. While the presentation may have been a snooze fest and lacking in plainly spelled out details, what Tesla has planned for the next decade is nothing short of becoming the largest company in the world. What do you think TSLA will do as Tesla grows to become the largest company in the world?
I'll just hold long like I've been doing for the past five years. It's worked out splendidly for me so far, and after this (admittedly boring) presentation I'm more convinced than ever that my stock will be worth much, MUCH more by 2030.