Short sellers betting against Tesla lose more than $1 billion in single day as stock surges
- Thread starter ironchef
- Start date
He's probably going to be kicking Teslas in parking lots for a couple years.
you actually the BS that he lost 11 million shorting tesla? pffff
There is no short squeeze in this market. tonnes of shares they can print or issue.
The market makers can always get more ' cheap shares' to sell to you if you want it.
The insiders can issue as many shares as they need. unauthorized shares is UNLIMITED.
There is no short squeeze in this market. tonnes of shares they can print or issue.
The market makers can always get more ' cheap shares' to sell to you if you want it.
The insiders can issue as many shares as they need. unauthorized shares is UNLIMITED.
I am not even sure that there was a short squeeze in Tesla.
If true and a material portion of AUM, such a loss speaks to terrible risk management and sheer stupidity. TSLA is an aggressive stock promote with a CEO who is narcissistic and/or delusional, and just a few months ago replaced his veteran CFO with a 34-year-old flunky. The earnings number could have been literally anything. Definitely not the right trade to toss risk management out the window.
https://www.cnbc.com/2019/10/24/sho...-more-than-1point4-billion-in-single-day.html
"...To be sure, those who bet against Tesla at the start of 2019 are still in the black to date with the equity down more than 11% this year after Thursday’s price moves..."
With all of his bluster, Musk better do it right this time. The next disappointment is going to crash his beloved car company.
It's a dog, take it down.
WTF are you babbling about?
Agreed, confused, it gapped up $45 on News no doubt.
Don't and NEVER bet against Elon Musk, he's SMART and he's a visionary which is doing a lot of good work, don't bet against someone doing good, it's a rare thing in this day and age.