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It’s tempting to dismiss skeptics or those betting against Tesla as fools, but history shows that prominent investors like Ray Dalio and Bill Gates have shorted or taken contrarian positions. While their views might not be correct, their insights are worth considering. Remember, everyone makes mistakes, and professionals may have access to information you don’t.
5. Prepare for the Worst
Optimism is vital, but it’s equally important to assume the worst-case scenario. By assigning a probability to negative outcomes—such as Tesla stock declining significantly—you stay vigilant. When everything goes smoothly, you get nervous; this sense of paranoia helps keep you sharp and prepared.