You know that short selling is possible? And index funds are traditionally some of the keenest participants to lend their shares out to short sellers in return for a bit of extra return (over the raw index).
replyCan you short a company that quickly after it's IPO? I thought there was a period when that was impossible.
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replyPeople can dream with lottery tickets, that doesn't make them wise pension plans.
replyWhile I like the dreams Musk sells of self-driving cars so good they don't need steering wheels, of space colonisation and useful robot workers cheap enough that I could personally afford them, at this point I don't trust him in particular to actually deliver any of those things.
(And no, you can't convince me with some variant of "look at ${current version} of FSD" or "look at progress with Starship", etc., that's like responding to someone who doubts you can build a house by pointing to a pile of bricks: they're a necessary step, but aren't sufficient).
Will those things not still be true after the standard 12mo trading window and GAAP profitability?
replyThen there is no reason to change the rules, right?
replyBut this is like Elon's other products. It's so good that it doesn't have to follow rules!
replyCareful.
replyIf you disagree with him, he might brand you a paedophile.