Tesla increases Model 3 deliveries to employees and insiders ahead of customer deliveries

So the theory is that there's three groups of people:

  • Dumb public investors who are part of the "cult" who don't know any better
  • "Us bears" who have figured it out perfectly and are shouting the truth out at the top of their lungs
  • Smart institutional money that's riding the cult stock to the top, then is going to dump it (and maybe short it if they're as good at market timing as you imply)

It seems to me that you're assuming that a lot of smart investors, with a lot of money, all think that they're going to be the ones who can time the market perfectly before the big crash. To me that seems to be a pretty dumb/risky bet to make. Of course, you also seem to be assuming that they're smarter than the bears because they're going to profit on the way up and the way down. While a lot of bears have been taking huge hits holding short positions, and tons of them have had to close out at big losses.

If you have a short position I can see why you'd be so negative all the time. I can imagine that the truth of the quote "The market can remain irrational longer than you can remain solvent" is starting to sting. Or, if you don't have a short position, you're not really a "bear", you're just someone with an opinion.

/r/teslamotors Thread Parent Link - electrek.co