@kathygriffin On principle or from an investment standpoint?
The former is always understandable. But never make investment decisions based on emotion. Unless the business case has radically changed in the past couple months, it's an emotional decision.
I choose the opposite path. The company's fundamentals remain incredibly strong. Hence I'm focused on decreasing Elon's power via shareholder resolutions.
@alexhammy209 @kathygriffin Okay... let's go into all the things that's wrong with this statement. Starting with:
1) You don't have to "propose wagers". That's what the market is for. You can short Tesla. That's how you "wager" on it going down. You can short the stock directly, buy PUTs. or sell CALLs.
2) Tesla reports quarterly. Here's the quarters thus far. *Good luck* getting a "50% year-over-year drop". Tesla will be growing nearly 50% YoY.
@alexhammy209 @kathygriffin 3) Tesla doesn't just exist in America; it's a global brand. US politics doesn't matter *at all* to most of the world.
4) 1 in 20 Americans has never even *heard of* Elon. Elon's favorable rate has dropped from 45% to 40% (-5%), and unfavorable rose from 27% to 40% (+13%). That sort of change isn't even REMOTELY close to the rate of growth of the EV market. Which, it should be noted, is about to get a MASSIVE infusion thanks to the Inflation Reduction Act.
5) As if *everyone* bases their decisions to buy on who a company's CEO is anyway.
6) Even ignoring all of the above: cars are actually quite fungible; it's perfectly normal in the industry for any company who has excess production capacity to partner with a company that has excess demand for rebadging of vehicles. And consumers are generally idiots with respect to this.
Kathy Griffin
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