Why "Big Short" Trader Danny Moses has a Short Position in Tesla

Bullish Studio

Danny says Tesla, to him, is everything that has been wrong with this market.   He says that he has been wrong for a long time, but if and when Tesla ever breaks, we will know that the market has corrected itself.

Transcript

00:00 Is there a big short in your portfolio now?

00:02 And I'm just saying, like, relative to other positions.

00:04 You're baiting me now.

00:05 Not necessarily.

00:06 Oh, there's one.

00:07 There's one.

00:08 There's one.

00:09 Well, listen.

00:10 I'll just say, listen.

00:11 Tesla, you know, to me, is everything about this market that has been wrong.

00:16 It's been bad enforced by the government.

00:18 Capital markets, brokers writing research that, you know, obviously for banking fees

00:22 and so forth.

00:23 And to me, when that thing finally breaks, if it ever does, and it's been wrong for a

00:26 long time, but if and when it does, I think we'll know that the market has corrected itself

00:30 because it has a little bit of everything in this market.

00:33 So this is a short position in your portfolio.

00:35 Tesla is a short position in my portfolio.

00:36 Since what level?

00:37 Because a lot of people have gone broke shorting Tesla, right?

00:40 Absolutely.

00:41 So I'd made money initially years ago after the SolarCity acquisition.

00:44 I thought for sure people would realize.

00:45 So this is a long, I mean, this is a multi-year, decade-long, lucky affair.

00:49 It's been a war.

00:50 I haven't traded as well as I probably should have, but now I think I'm geared up to a level

00:54 where I'm very comfortable being short at these levels.

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