The problem with Tesla is that the opportunity for FSD is insane. Either the market is mispricing the risk or the shorts are, but the asymmetric upside if Tesla succeeds makes it a risky short. Asymmetric downside.
At battery day Elon said if they achieve FSD, their competitors will too in a couple years, and it isn't very valuable as a result. Now they said it all rides on batteries/energy storage and that's really their competitive advantage, a $218 million startup and another small one they bought with stock is now supposed to almost entirely undergird their $668 billion marketcap.
cma|5 years ago