Yesterday's news on taking Tesla private was unexpected, certainly by me, perhaps by everyone.
It's still very hard for me to tell if this could be real. I'm short Tesla for approx. ~5% of my portfolio worth, and for now, I cancelled all my buy orders above $300, as I assume this will not get through and stock will collapse soon afterwards. If this does go through, so be it, I'll accept the loss, but it would still be baffling who would invest such amounts in a losing company in very tough industry/industries. But stranger things happened, so this can't be ruled out. After all, Tencent invested in Tesla before, and I can imagine them or other Chinese player to be behind this (if this is real).
I'm quite happy with a long position of approx. 6% in BYD, much safer play on EV future in my opinion.
It's still very hard for me to tell if this could be real. I'm short Tesla for approx. ~5% of my portfolio worth, and for now, I cancelled all my buy orders above $300, as I assume this will not get through and stock will collapse soon afterwards. If this does go through, so be it, I'll accept the loss, but it would still be baffling who would invest such amounts in a losing company in very tough industry/industries. But stranger things happened, so this can't be ruled out. After all, Tencent invested in Tesla before, and I can imagine them or other Chinese player to be behind this (if this is real).
I'm quite happy with a long position of approx. 6% in BYD, much safer play on EV future in my opinion.
1 comment:
One of the major risks of shorting. Why not put more money in FB/Google instead of shorting TSLA?
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