“Maybe they will start going the other way with beating consensus and consensus moving higher, but they have a long history of doing just the opposite.”
LOL. Then why have shorts lost billions?
For the same reason dotcoms worked for years until they didn’t and the housing market could only go up until it didn’t (and Tulips, etc before that) - “The market can remain irrational longer than you can remain solvent” - John Maynard Keynes
LOL. Then why have shorts lost billions?
...
They only listen to sell side analysts and other shorts. Plus there was that hit piece the LATimes did on Musk and subsidies in 2015. And every time a Tesla catches fire it’s international news, even though their rate of catching fire is one tenth of an ICE car per mile driven.
As Scott Adams likes to point out, people make decisions based on emotions, not facts, and then they use cognitive bias to rationalize their decisions.