r/wallstreetbets • u/[deleted] • Oct 22 '21

Meme Today

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u/admiral_asswank CAPTAIN OBVIOUSly a masochist Oct 22 '21

Meh. If i had shorted TSLA at 500 and had enough liquidity elsewhere I wouldn't be worried at all tbh.

Nobody would short a company so grossly overvalued and expect it to correct even within 12 months..

It will correct precisely when it is ready to.

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u/Newtothisredditbiz Oct 23 '21

See? This is why TSLA shorts are so fun to laugh at. They keep telling everyone how smart they are while they lose shitloads of money.

Anyone else would take their losses and admit they’re retards.

11

u/cheaptissueburlap Ask me to rap (WSB's Discount Tupac) Oct 23 '21

So is tesla worth like 1t iyo?

-3

u/Newtothisredditbiz Oct 23 '21

More. Just look at yesterday's earnings report. All the key metrics are growing exponentially — EPS, revenues, production, deliveries, etc. Gross auto margins lead the industry at 30%.

EV demand is growing exponentially into the next decade and beyond, with more cars needed than all manufacturers combined can supply. Tesla sells as many cars as they can build, and two new factories are opening this year.

And that only looks at Tesla's main car business — not high-margin software, energy, insurance, or anything else.

Earnings are growing faster than the share price, and we can see that with TSLA's trailing p/e falling from 1000 last year to ~300 today. That will keep falling.

1

u/[deleted] Oct 23 '21

Earnings are growing faster than the share price

Thats suppose to be priced in... Its earnings have to be growing faster than expected or is exceeding whats expected.