Someone could have made a lot of money if they were savvy enough to short Tesla’s stock late last year.
I had thought about shorting Tesla when it was at $1200 but immediately got that thought out of my head due to these two common trader sayings:
“You never know how big a bubble can blow or how long it can last.”
“The markets can stay irrational much longer than you can stay solvent”. Ask the idiots at the hedge fund who didn’t hedge their shorts on Gamestock about that one.