Elon Musk recently claimed that Bill Gates once held a short position on Tesla when the company’s market cap was around $40B.
Gates has previously acknowledged shorting Tesla in the past, though the current status of that position isn’t publicly verified.
Regardless of who’s right or wrong, this highlights something bigger:
Conviction is powerful.
But risk management decides survival.
Markets don’t reward ego.
They reward structure.
What would you do?
A) Hold the short
B) Close & adapt
C) Hedge the position
D) Never short momentum