David Einhorn on TESLA - a lot of horse shit

David Einhorn is a very active investor, he made timely calls on Lehman Brothers dismiss in 2009.

He's also a short seller and is one of the most vocal short on TESLA.

It looks like he got burned recently as TESLA stock bubble accelerated. Anyway, IMO it is worth listening and tracking what David Einhorn says, I think he has a point.

As a general note, I do think those 20$ billions of shorts on TESLA stock at the moment according to S3 Partners are a bet made by professionals. Remember those people are PROFFESIONAL money managers; they are wrong sometimes, but quite ofthen I think their bets are made with some degree of risk management, informed bets regarding company financial situation, market research and perspectives, etc. The average buyer of TESLA shares (Elon Musk enthusiastic geeks) is not that well informed; these people are rather gambling than investing. They make money from time to time, some are even make this for a living and are good at it, but in a huge bubble like the one in TESLA stock, those who are building large short positions are professionals. These people are not placing bets for the sake of betting; they are out there to make serious money. 

I read that TESLA stock is going up because of a huge short squeeze due to those betting against the stock. Look, when a stock goes down is because of the shorts; when it goes parabolic it because of the shorts. I will put in a next post a couple of charts which shows that basically many technology companies are being chased out at a moment and see their stock going parabolic and completely detached from reality; it is because of shorts? All of them? Give me a break...

So here is David Einhorn's take on TESLA crap. That presentation is from about a year ago.

Good luck speculating in TESLA stock!