Andrew Left of Citron Research on Tesla Inc. stock: ‘Whoever bought it at these prices has to flush it.’
Left, the legendary short seller behind Citron Research, is back at shorting Tesla Inc. TSLA, +13.73% stock, which on Tuesday rose nearly 14% to close at a record $887.06, its sixth straight session of gains.
We love $TSLA and promised never to be short again. BUT when the computers start driving the market, we believe even Elon would short the stock here if he was a fund manager. This is no longer about the technology, it has become the new Wall St casino. According to financial technology and analytics firm S3, the number of Tesla shares shorted have decreased by 1.37 million shares, or 5.30%, over the past month as the stock had risen nearly 50%. Over the past week, shorts have declined by 651,000 shares, or 2.6%.
Tesla stock has hit high-water marks that stretch back to December, most recently fueled by a blockbuster quarterly earnings beat and the company’s promise it would sell more than half a million cars in 2020.Analysts at Wedbush, led by Dan Ives, called the Tesla rally “a parabolic run for the Wall Street history books” in a note Tuesday. The “bull party” will likely continue in part thanks to “very strong” production and demand in China, they said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla short-sellers are down $8 billion in 2020, including $2.5 billion alone from Monday's popInvestors betting against Tesla's stock have lost $8.3 billion since the beginning of the year, according to data from S3 Partners.
Read more »
Tesla stock surges above $700 a share on a torrent of good newsTesla shares surged as much as 21% to new record highs after Panasonic said its battery joint venture turned profitable and analysts praised the electric-car maker.
Read more »
Here’s Why Tesla Stock Just Surged To A Record $780 Per ShareHere’s why Tesla stock just surged to a record $780 per share: by skleb1234
Read more »
Tesla Shares Rally at Fastest Pace Since 2013The advance is testing the resolve of short sellers who have made the electric-car maker one of the most bet-against companies in financial markets.
Read more »
Latest loss by Tesla shorts: $2.5 billion on Monday aloneTesla Inc. stock’s 20% jump on Monday costs short sellers $2.5 billion, according to a a financial technology and analytics firm.
Read more »
Elon Musk is recruiting for Tesla: I 'don't care if you even graduated high school'Elon Musk is recruiting for his AI team at Tesla, and he says education is 'irrelevant.' The team members will report 'directly' to Musk and 'meet/email/text' with Musk 'almost every day.' Musk will also throw a 'super fun' party at his house with the Tesla artificial intelligence and autopilot teams.
Read more »