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this post was submitted on 24 May 2025
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Tesla's share price is up 40% in just one month. You can't short when it's rising, unless you want to lose shitloads of money. It's also half way through to full recovery, which should happen within a month more.
What is happening is that everyone who were panic selling lost their money, those who were buying from panicking lemmings got already rich. 40% returns in one month is just fucking bonkers!
Tesla share price has been going up and down in the past couple of months. You are correct it went up 40% broadly speaking, but it is because people have just been pumping and dumping. I guarantee Tesla stocks will crash again as long as Musk is the CEO and the board of directors don't get rid of him.
You can still short as day trade even if the overall market or stocks is going down by exploiting the price movements. But that is more stressful I must admit.
It doesn't matter if it will crash or not - the profits were already reaped.