• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, July 16, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Markets

Bill Miller is seen shorting Tesla increasingly although doubles down on Amazon in 2023

by Indrajeet Giram
January 8, 2023
in Markets
Reading Time: 2 mins read
0
Bill Miller is seen shorting Tesla increasingly although doubles down on Amazon in 2023

Bill Miller is seen shorting Tesla increasingly although doubles down on Amazon in 2023

TwitterWhatsappLinkedin

Bill Miller, a well-known investor and chairman of Miller Value Partners, has recently doubled down on his bet on Amazon despite the company facing a rough year. At the same time, Miller has also been increasing his short position on Tesla.

You might also like

Reddit Rolls Out Age Verification for UK Users Amid New Online Safety Rules

Hackers Take Over Elmo’s X Account, Post Anti-Semitic Slurs and Attacks on Trump

Pentagon Awards Contract to Elon Musk’s xAI Despite Ongoing Grok Chatbot Backlash

Bill Miller Lost 90% of Wealth, Billionaire From Bitcoin, Amazon Stock
source : marketinsider.com

Miller’s decision to double down on Amazon comes after the company’s shares took a hit due to the pandemic and increased competition from companies such as Walmart. Despite these challenges, Miller remains bullish on Amazon, citing the company’s strong balance sheet, dominant market position, and ability to pivot and adapt to changing circumstances.

In contrast, Miller has been increasing his short position on Tesla, a company that has seen its shares soar in recent years due to strong demand for electric vehicles. Miller has expressed skepticism about Tesla’s high valuation and has cited concerns about the company’s financial stability and ability to continue growing at its current pace.

Investment projections of Bill Miller for 2023

Miller’s decision to double down on Amazon may seem surprising to some, given the company’s recent struggles. However, it is important to note that Amazon has a strong balance sheet, with over $30 billion in cash and equivalents as of the third quarter of 2020.

In addition, the company holds a dominant market position, with a 38% share of the e-commerce market in the United States. Amazon’s ability to pivot and adapt to changing circumstances has also been a key factor in Miller’s decision to increase his investment.

Bill Miller is seen shorting Tesla increasingly although doubles down on Amazon in 2023
source : finance.yahoo.com

While Amazon’s shares have struggled in recent months, the company has a long history of strong performance. In the past decade, Amazon’s stock price has increased by over 600%, significantly outpacing the S&P 500 index. Miller’s faith in Amazon may be justified, as the company’s strong financials and dominant market position suggest that it has the potential to bounce back and continue growing in the future.

At the same time, Miller has also been increasing his short position on Tesla, a company that has seen its shares soar in recent years due to strong demand for electric vehicles. Miller has expressed skepticism about Tesla’s high valuation and has cited concerns about the company’s financial stability and ability to continue growing at its current pace.

Bill Miller is seen shorting Tesla increasingly although doubles down on Amazon in 2023
source : finance.yahoo.com

As of the third quarter of 2020, Tesla’s price-to-earnings ratio was over 1,000, significantly higher than the average P/E ratio of the S&P 500, which was around 30. This suggests that Tesla’s shares may be overvalued, and that the company’s future growth may not be able to justify its current valuation.

While Miller’s bets on Amazon and Tesla have garnered a lot of attention, it is important to note that these investments represent just a small portion of his overall portfolio.

Miller has a long track record of successfully identifying and investing in companies with strong growth potential, and his decisions to double down on Amazon and short Tesla should be viewed in that context.

Tags: #Dow_fall#slowdownamazonbill millerinvestmentsNASDAQprofitsS&P 500Tesla
Tweet54SendShare15
Previous Post

How to catch kecleon in pokemon go

Next Post

Warren Buffett’s strategic investment in BYD benefiting as tesla falls 

Indrajeet Giram

📚 Avid reader 🔋constant learner curious analyzer @ everything 📝Business & Economic Journalist ✍️

Recommended For You

Reddit Rolls Out Age Verification for UK Users Amid New Online Safety Rules

by Harikrishnan A
July 16, 2025
0
Surge in Reddit’s MOON Token Price Following Deflationary Strategy Unveil

Reddit has begun enforcing age verification for users in the United Kingdom in response to the country’s new Online Safety Act. The law, which is set to take...

Read more

Hackers Take Over Elmo’s X Account, Post Anti-Semitic Slurs and Attacks on Trump

by Harikrishnan A
July 16, 2025
0
Hackers Take Over Elmo’s X Account, Post Anti-Semitic Slurs and Attacks on Trump

The official X account of Elmo, one of Sesame Street’s most cherished characters, was hijacked on Sunday by unknown hackers who posted a barrage of hateful and conspiratorial...

Read more

Pentagon Awards Contract to Elon Musk’s xAI Despite Ongoing Grok Chatbot Backlash

by Harikrishnan A
July 16, 2025
0
Pentagon Awards Contract to Elon Musk’s xAI Despite Ongoing Grok Chatbot Backlash

Elon Musk’s AI startup, xAI, has secured a major federal contract, with the U.S. Department of Defense (DoD) announcing it will begin using the company’s “Grok for Government”...

Read more
Next Post
Warren Buffett’s strategic investment in BYD benefiting as tesla falls 

Warren Buffett’s strategic investment in BYD benefiting as tesla falls 

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?