Sorry there was a typo. Not MSFT, but MSTR. That has been a real winner for me, and I’ve locked in gains by selling the puts I purchased months ago while remaining short.
TSLA is now worth more than every other auto public company combined. You think that will go up to be 3x everyone else combined?
I believe they are not a leader in self driving. GM, not Tesla, has self driving taxis in SF. And Google does in Phoenix. They have slipped behind VW in Europe and BYD in China in electric car sales.
Tesla is certainly a premium brand people will pay a lot of money for, but their cars seem kind of dated compared to the electric Mustang. I think they remain a niche player selling premium electric cars only.
For SQ, their bitcoin business is collapsing, down 50% YoY. Their merchant service and cashapp are low margin and ultra competitive and money-losing. I covered half my position today, but will reshort any rally.
Just in everyday life, i have done P2P payments with paypal, google pay, and zelle. I have never used venmo, but know many people who do. I have never once heard IRL a word about SQ’s cashapp. They are losers in a market where they have to compete with free products with big network effects.
The only time i ever hear about cashapp online is online begging.
Finally they overpaid for a “pay later” company that is far behind affirm in market share, and affirm is circling the drain.
WE 1.0 was nearly bankrupt, but bailed out and restructured by softbank and then went public by spac and merger . They continue to lose billions. I am cautious only because it is heavily shorted, smallcap, and could squeeze.
