Marc De Mesel: Why You Should Sell Tesla

  • Monday, 31 August 2020 08:52
Met awesome Sky on meetup Amsterdam, she shared she still had 40% exposure to Tesla, felt bullish eventhou its already at $2200, felt regret about shares she sold earlier cheaper, and did want to sell, out of fear of missing out. I was a little too high in the sky to warn her for the danger so this video is for her and everybody else who still has large exposure. What makes me bearish on $TSLA: -extreme overvaluation on log regression chart -needs to raise capital to finance it's growth -needs to pay lots of options to CEO -bad customer support -euphoric indicators such many predictions of even much higher prices & retail also invested Shorting Tesla, what I'm planning to do, as I already sold my full 30% exposure at $1500, is more risky because in long run (5-10y) they likely will be worth this and even more. In contrast gold, losing it's function as money slowly & being a commodity, will likely in long run be worth less. However because of reasons mentioned, and because I am a good person and like to help satisfy the short supply or high demand for Tesla stock, since existing shareholders don't seem to, am now targeting 10% short $TSLA if 3k is reached, half options/puts.

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