I don't think that TSLA is very sensitive to general market movement. But would people agree that there is some sensitivity? (I assume this can be investigated numerically by some sort of co-variance analysis, but I don't have the opportunity to do that).
I am asking because I am considering shorting one of the main indices, and part of that consideration is whether it could hedge the TSLA investment to some degree.
I am asking because I am considering shorting one of the main indices, and part of that consideration is whether it could hedge the TSLA investment to some degree.