No. of Recommendations: 0
that is not the behavior some shorts have theorized.
their expectation is that a drop to a certain level , where retail realization of recovery is shattered, would be a sentiment inflection selling point.
(and guesses about that level include baseline intrinsic value as a car mfg)
You may well be right, that may be how many investors would react, even if it’s not how I think.
I don’t doubt that there is a lot of enthusiasm fueling the share price rise, and part of that is enthusiasm with the share price rise itself, which might mean a drop could be steep. I just feel that a lot of that enthusiasm is justified.
If (admittedly a big if) self-driving is on the verge of working, they have a very big addressable market, with major cost advantages over the competition which is relying on radar/lidar.
DTB
