TSLA

Miller missed Tesla on the way up, but with the company facing more competition around the world in electric cars, he's shorting TSLA stock.

[just a car company](https://investorplace.com/2022/06/tsla-stcock-is-tesla-just-another-car-company/), not a tech company. [in the U.S.](https://www.washingtonpost.com/technology/2023/01/08/tesla-rivals-market-share/), especially in the luxury end of the market. [price cuts](https://www.ft.com/content/dc1093f3-fbcb-41a6-bc6b-efd21bb303e3), which cut the value of their own cars while cutting into Tesla’s margins. On the date of publication, Dana Blankenhorn held a long position in AMZN. Tesla’s battery business and new Texas factory could keep sales flying, and bearishness could put a floor in on the stock price. It could fall further, as car makers start bringing out models for the [ mid-market](https://investorplace.com/2022/03/tsla-stock-teslas-affordability-problem/). It’s his use of TSLA stock to buy it, which is putting downward pressure on the stock price. He seems determined not to miss it on the way down. Miller has been wrong about Tesla before and could be again. It’s not just his policies there that are firing up critics and his more controversial public profile. Car makers also advertise and may hold product at dealers for months. [increasing his stake](https://www.cnbc.com/2023/01/06/bill-miller-doubles-down-on-amazon-after-a-rough-year-while-shorting-tesla-increasingly.html) in Amazon (NASDAQ: [AMZN](https://investorplace.com/stock-quotes/amzn-stock-quote/)), for instance.