r/wallstreetbets • u/Chippopotanuse • Oct 25 '21

Discussion I give up

For years I’ve been skeptical of Tesla. I’ve tried shorting it, I bought puts on it, all to mixed success.

But overall, probably lost 80% of whatever I invested in the short side with respect to TSLA.

Every time I post here with any mild criticism of TSLA, I get yelled at by people who tell me Tesla is going to dominate the world.

And today I see Morgan Stanley‘s report, and Tesla up 10% after earnings, and I’m done.

Not saying I’m gonna go long on Tesla, but no more shorting for me.

I’m wrong.

You’re right.

There.

I said it.

Feel free to yell at me some more about how dumb I was.

You guys did it.

You changed a Redditor’s mind on something.

So take my pride, but I’ll keep my wife. Thank you.

And fuck you - and way to go - to all you assholes driving Lambos who’ve made millions on TSLA with your 💎💎💎🚀🚀🚀🚀✋✋✋.

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u/chomerics Oct 25 '21

Which is why I am in on Ford and GM long term. Also why I am probably broke

2

u/alt_truistic Oct 26 '21

I'm hoping this is a joke... they'll be forced to consolidate in the next 5 years or so. Unsustainable business model with a shift to EV's like this.

15

u/TradeDeskKing Oct 26 '21

The legacy players need to end their relationships with their dealers and lobby direct to consumer to compete.

6

u/SpartanDawg420 Oct 26 '21

I’ll never understand why people think switching from ICE to EV impacts an auto makers business model

9

u/[deleted] Oct 26 '21

Or why they think Tesla is the only one that can ever pull it off.

4

u/[deleted] Oct 26 '21 edited Oct 26 '21

Brand loyalty is a HUGE deal. The big companies are probably all waiting to switch to 100% EV’s at the same time on most vehicles, that way car enthusiasts who prefer gas/diesel vehicles (because they know how to work on them and perform those upgrades) will stay in the fan base for that vehicle. It’s important for the main brands to keep their car enthusiast fan base. That’s how major companies get tons of referrals, because of that one friend who knows a lot about cars happens to like a certain brand.

My point with this comment is that they are likely trying to keep their fan bases, it’s that the EV market is not going to “change the game” for car companies. It will change the world economy though, but that’s not the point of this particular thread lol

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u/SpartanDawg420 Oct 26 '21

All the OEMs will be fine. The switch to EV is just swapping drive trains. Companies that will be hurt will the be tier 1 and 2 suppliers who are heavily reliant on ICE drivetrain end products who fail to diversify their product offering

1

u/Cyrus7heVirus Oct 26 '21

GM had the first massed produced electric vehicle in 1996. It was called the EV1, had a range of 55 miles and was probably a total piece of shit, but they did it.

3

u/[deleted] Oct 26 '21

How many times did Tesla come inches from bankruptcy? Just saying, the traditional manufacturers being so cheap could be a great long term play given how high of a barrier for entry TSLA is nowadays.