30k TSLA Short yolo with my college tuition refund
Posted: Dec 10, 2024
- Shorting $TSLA at $405 because of personal belief in overvaluation
- Using tuition money on Amex card with 0% intro APR
- Rolling 529 refund into short position
- Doubled position with Robinhood margin
- Hoping for quick profit to pay off credit card debt
- Believes company is overvalued due to Elon Musk ownership
- Expects correction due to recent 50% increase in stock price
What do people on Reddit think?
🚨 Reddit sentiment: negative - Majority of the comments are advising against the short and highlight risks, indicating a bearish sentiment on TSLA. Summarized comments: - Advising OP to close the short position to avoid losses. - TESLA is expected to rise in value, and betting against Elon Musk is risky. - Timing of the short position is considered poor as the stock might not correct until later. - TSLA trades on crowd sentiment rather than fundamentals, making it risky to short. - Overall skepticism about the decision to short TSLA with college funds. Stock tickers discussed: $TSLA
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