Never Bet Against Elon Musk, even if he loves Dogecoin!

People who first saw Tesla may had their own opinions as to whether the company succeeds. Even now with all the evaluations and cars the company manufacturers there are still a crowd of no only non-believers of Elon's success but are actually trying to short his success via shorting Tesla stock.

For those who did short or still trying 2020 will likely go down as short's decent to hell with what TSLA did to them. If we exclude TSLA stock split of 1 to 5 shares even at current prices TSLA is over $3000 a share. Even at this high of an evaluation Elon allowed TSLA to dilute its shares several times prior and during the TSLA run up.

Dec. 2020 offering here is one example, right before end of 2020 $5 billion of TSLA shares were added to the market cap. Yet TSLA continue to soar, however only recently fell below its 2021 start of around 5%. Still the demand from investors of TSLA is still very much very high.

Shorting Dogecoin?

So Barry Silbert who is a crypto investor but most crypto followers know him best where he is the creator of ETF GBTB and Grayscale. Barry without a direct attack on Musk in regards to Dogecoin, he did explicitly twit that he was short Dogecoin.

What is interesting is that he twitted this a few hours before Elon Musk was to go public on television at SNL where he would announce his bullishness on Dogecoin. Even before then Elon had already spoken his stance onf Dogecoin.

Now one needs to wonder if shorting Dogecoin or Elon Musk is really a good idea?

Here we make a comparison of Mr. Musk's worth versus Barry:

Musk boasts a networth of $166 billion, while the DCG founder’s networth is $1.6 billion, according to Forbes.

It is very difficult to say that Musk is wrong when he technically had invested in so many ideas that he has netted himself a whopping net worth of over 100 times that of Silbert.

I leave readers with this thought in not as what TSLA or Dogecoin can do or estimated worth, but the fact that when too many people lean toward one side of the trading the resultant tends to be the opposite.

For just the last five years to the investors who tried to short TSLA they total combine together lost over $51 billion. The most shorted stock on the SPY index yet has made all time highs in early part of 2021.

Dogecoin is not TSLA as it is not a company Elon Musk runs. Yet Elon has interest in it and he has proven himself that he is very savvy investor that one can not doubt what he is bullish on. Because if you do you may become a statistical number that benefits Musk in the from of adding $ to his networth.

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!