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treme | 1 year ago

Tesla took government loans and paid them all back with interest. there was never any bailout but I can tell you just hate the man regardless of facts.

Feel free to put your money where your mouth is by shorting TESLA if you feel like it's so overvalued. and get crushed like everyone that did just that along the way.

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kibwen|1 year ago

> Feel free to put your money where your mouth is by shorting TESLA if you feel like it's so overvalued

As a smart man once said: "the market can remain irrational longer than you can remain solvent".

treme|1 year ago

As a smart man once said: 'A lie can travel half way around the world while the truth is putting on its shoes.'

https://www.quora.com/Was-Tesla-bailed-out-by-the-US-governm...

No, Tesla did not receive any funds under the 2009 auto industry bailout.[1] The $80.7 billion went to Chrysler and GM.

Tesla did receive a government loan of $465 million under the Advanced Technology Vehicle Manufacturing program, a program signed into law by Bush in 2008. Tesla subsequently repaid that loan.

arcticbull|1 year ago

> Tesla took government loans and paid them all back with interest. there was never any bailout but I can tell you just hate the man regardless of facts.

Many people don't know this but the vast majority of the money that was spent in 2008 was actually given out as loans, and those loans have been repaid with interest, netting the Treasury over $100B in profit, with billions more in quarterly dividends continuing to this day from Fannie and Freddie.

Do you think the 2008 TARP package was "not a bailout" also, because it was repaid with interest?

https://projects.propublica.org/bailout/

Or would you define it more by business outlook if they hadn’t received the funds in the first place?

jjav|1 year ago

> Feel free to put your money where your mouth is by shorting TESLA if you feel like it's so overvalued. and get crushed like everyone that did just that along the way.

Selling put options on TSLA has been one of my more profitable plays for a long while, so maybe not.

arcticbull|1 year ago

Selling puts is a long position :)