Hi Troy

Thanks for commenting. It's true a company doesn't need to turn a big profit if it's growing to become a market leader. Amazon is the prime example of a company investing heavily into future instead of making a profit. It's all good if you can grow. But there are many warning signs Tesla's growth will stall. That is concerning, since they are priced as a company with high and accelerating growth for many years. Not good if they are maturing already.

I for sure won't short Tesla non stop for a year, but there will be periods where puts have such a good risk/return ratio it's impossible to not go short.

I expect much volatility though.

Regards, Asger

I’m an economist doing policy design and analysis. I write about the economy, taxation, innovation and growth, policy design, and financial markets.