Comment by WorkerBee28474
Comment by WorkerBee28474 2 days ago
The market can stay irrational longer than you can stay solvent.
Comment by WorkerBee28474 2 days ago
The market can stay irrational longer than you can stay solvent.
Sure, tell that to Theranos' executives.
Oh yeah, you can't, they're in jail.
Theranos survived for years after people first began raising the alarm... if you'd somehow figured out a way to make a large bet against it, there's a decent change the market would have remained irrational longer than you could have remained solvent unless you were very lucky with your timing.
I mean, the point is, someone betting against Theranos in this way, if it were a public company, would almost certainly have lost money (unless their timing was _perfect_). Enron would be a better example (as it was public); a lot of people, even before Enron's downfall, were fairly sure that Enron was dodgy, but trading on that belief would have been extremely dangerous, because it might take _years_ to come unstuck, and shorts (or puts) ain't free.
Theranos never went public, so the quote about markets doesn't apply.
I do agree with the general sentiment, however. If FSD kills a person, many executives, including the top dog, need to go to jail.
> If FSD kills a person, many executives, including the top dog, need to go to jail.
It would be great to have that level of accountability.
Drunk drivers that kill people barely go to jail: https://www.cbsnews.com/chicago/news/man-gets-10-days-in-jai...
FSD, in particular, already did definitively kill a person between 2022-08 and 2023-08 [1]. Still going strong.
Note that this is distinct from the tens of publicly documented fatalities on Tesla Autopilot.
[1] https://static.nhtsa.gov/odi/inv/2022/INCR-EA22002-14496.pdf
Because there's a fundamental difference between "manufactures a car with well-understood features in a mature regulatory space" and "prematurely deploys untested and unprecedented functionality without oversight." If a legacy manufacturer rushed out a product that ignored regulation, for example, they should be similarly subject to prosecution.
Because the product here isn't the car itself.
It's FSD. Which is bought separately and advertised separately.
But both are made by the same company so the liability is still on Tesla.
>[...] the quote about markets doesn't apply
I'm about to blow your mind.
https://www.blackrock.com/se/individual/themes/discovering-p...
To be fair, buying puts is probably the safest way for OP to take a short position.