Change My Mind

There's nothing wrong with what the redditors did, but there's also nothing wrong with shorting stock. This is capitalism, and the stock market needs to have bulls AND bears to function freely.

I just don't want the uproar about this to lead to us little guys having to pay commissions on stock trades again, or even worse, get taxed for trading. Robinhood started commission-free trading and the big brokers like TD Ameritrade had to follow.

I don't trust politicians (especially Democrats) to keep trading cheap and fair for the retail investors (little guys like us). The politicians are in bed with the hedge fund managers and we're not part of their club. I hope this doesn't ruin investing for us.

Yeah... I agree with Elon. You should'nt be able to sell a stock if you don't own it.

Not sure if you understand how shorting works- you borrow the stock from the brokerage and pay interest while you're holding the short position until it's time to buy to cover. It's not just for hedge funds, I've done it myself and I'm just a small time investor. It's a necessary part of the free market. In fact, Elon should probably thank short sellers for driving the price of Tesla stock so high...they had to buy to cover a lot over the past few years and that has driven the price up astronomically. Otherwise, Tesla's fundamentals don't have it valued nearly as high as it is.

Seriously though, I don't want this to turn into another excuse for the politicians to raise taxes on us. It would be devastating to our economy.

And I really wish he'd heavily invest in Gamestop or acquire it. Can you imagine the damage if that stock split?