Investors Betting Against Tesla Made $1 Billion on Friday
- Thread starter ajacobson
- Start date
Seems Tesla is a "whole lotta hype", tax subsidies, and actually low-quality cars with more than its share of problems.
Seems the stock should be doing much worse than it is.... Musk made $Billions on the back of US Taxpayers... hard to root for his or Tesla's success.
On the technical side, all fundie considerations aside... seems a short ~$380 might have merit.
Seems the stock should be doing much worse than it is.... Musk made $Billions on the back of US Taxpayers... hard to root for his or Tesla's success.
On the technical side, all fundie considerations aside... seems a short ~$380 might have merit.
Headlines always grab more of people's limited attention span than the fine print that follows:-
"The stock drop helped them recover much of their losses that came on Aug. 7, the day Mr. Musk tweeted he was considering taking Tesla private at a stock price of $420. Short-sellers lost $1.3 billion that day after Tesla’s shares jumped 11 percent on the news."
Meanwhile, you don't lose or gain anything till you close out a trade.
"The stock drop helped them recover much of their losses that came on Aug. 7, the day Mr. Musk tweeted he was considering taking Tesla private at a stock price of $420. Short-sellers lost $1.3 billion that day after Tesla’s shares jumped 11 percent on the news."
Meanwhile, you don't lose or gain anything till you close out a trade.
