11–20 of 162 posts
620 lawsuits over about 10 years seems remarkably small for a company the size of Tesla. Is there an attorney who can shed light on how many lawsuits a company with a 50 billion market cap would normally receive? Anecdotally: I worked for a company with a sub hundred million dollar market cap and they had /thousands/ of open lawsuits every year.
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No, they really haven't. The best way to deal with shorts is to have a good quarter and crush them all. Or wait for a short squeeze. Lots of companies have misinformation spread by shorts all the time, but very few companies engage and attack shorts.
Tesla’s stock is shorted FAR more than any other company with comparable market cap. 30% of outstanding shares are shorted. It’s bonkers.
Given they have a higher market cap than either Ford or Honda, I'd be betting on the latter....
Pedestrian death from a Tesla just happened this afternoon. If this is found to be AP fault instead of driver fault, guessing we'll see AP banned by Wednesday.
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Tesla’s stock is shorted FAR more than any other company with comparable market cap. 30% of outstanding shares are shorted. It’s bonkers.
But which is the more likely causes of this: That TSLA is the victim of an evil coordinated effort to cause the company to take, or just that 30% of the market genuinely believes they're overvalued. Given they have a higher market cap than either Ford or Honda, I'd be betting on the latter....
Shorting a stock is not just a statement that you think the stock is overvalued. It’s a statement you think the stock will soon drop, because each short costs money and expires.
Eventually being correct is useless. If for example it performs poorly over the next 20 years and never actually drops you will lose everything.
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Short sellers have been causing the company a lot of trouble, Musk is correct in pointing them out so that their activities become known.
No, they really haven't. The best way to deal with shorts is to have a good quarter and crush them all. Or wait for a short squeeze. Lots of companies have misinformation spread by shorts all the time, but very few companies engage and attack shorts.
https://www.nbcbayarea.com/news/local/2-Pedestrians-Suffer-M... Pedestrian death from a Tesla just happened this afternoon. If this is found to be AP fault instead of driver fault, guessing we'll see AP banned by Wednesday.
It would be interesting to know the circumstances around it running the red and "losing control".
Tesla (or at least Elon) has a terrible habit of engaging with critics in deeply unproductive ways, such as all the anti short seller stuff they pulled. It makes them look very defensive and seem like they feel vulnerable/cant face the criticism, and maybe it's because they actually are vulnerable and doing things that merit short selling and whistleblowing. At least from a PR perspective you dont want to engage like…
Short sellers have been causing the company a lot of trouble, Musk is correct in pointing them out so that their activities become known.
If the short sellers are wrong about Tesla being overpriced, they will pay for it. They are taking all of the risk, and they are not hurting anything except Musk's feelings.
https://www.nbcbayarea.com/news/local/2-Pedestrians-Suffer-M... Pedestrian death from a Tesla just happened this afternoon. If this is found to be AP fault instead of driver fault, guessing we'll see AP banned by Wednesday.
That article is very light on content and details, I couldn't find any other sourced either. It would be interesting to know the circumstances around it running the red and "losing control".
These sort of unfortunate accidents happen every day but any self-driving vehicle will be scrutinized. If the driver was in control and ran a red light, they're obviously at fault. If the AP went haywire and caused this, who is legally culpable?
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That article is very light on content and details, I couldn't find any other sourced either. It would be interesting to know the circumstances around it running the red and "losing control".
I mean it just happened 2 hours ago, so pending a formal police report, I imagine details will indeed be light. Here's aftermath footage and bystander details: https://twitter.com/JennyGShao/status/1153066059802402816 These sort of unfortunate accidents happen every day but any self-driving vehicle will be scrutinized. If the driver was in control and ran a red light, they're obviously at fault. If the AP went haywir…
Edit: Looks horrible. I hope the cameras caught the action and can apportion blame appropriately.