TSLA Crashes to $5 per Share

For the first time since Tesla went public the number of institutions holding shares decreased. That is itself a sell signal. That so many retail investors are still bullish on Tesla's prospects shows how much bloat still remains to be wrung out of this thing. The institutional selling will continue. The institutions will be selling much more inventory than the retail bulls will be able to absorb.

This isn't crack. This isn't hopium. This is reality.

I'm a realist. The Rams will not repeat as Super Bowl champions this year. Tesla is going to $5 per share.
 
Rams Fan said:
You must be a youngster.

I already have.

Short and "hodling with these diamond hands."

I'll cover at $5.00

OIP.D7iWO9iSbsUlp5ypu3AcBQAAAA
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Must've missed it. What price did you short
 
hilmy83 said:
Must've missed it. What price did you short
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I've been short for a good while now and I don't believe I posted it here. Why not give me credit from yesterday's close and we'll track it from there.

I did post this a little over four weeks ago. You can find a post from me from back in April where my view of Tesla was that it would likely drop below $800 (pre-split) and beat or below $700 soon thereafter.


Rams Fan said:
TSLA, like bitcoin, was a tremendously successful pump and dump.

Soon TSLA and many of the terrible companies that rode its covid coattails, e.g. PLUG will soon return to pennystockdom.

No telling when a short squeeze rally may materialize, but I believe that TSLA is an incredible short sale candidate, and it will be trading close to $5/share at some point in 2023-24.
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I'm not here looking for credit young buck. I'm here for the coffee.
 
The original chart (the OP) is wrong.
Stocks like that trade in percentage terms:
"I'm up XX percentage in my Tesla shares."
No professional Money Manager will say
"We are up 150 bucks on Tesla"
Maybe it has a H&S top, but it is really a small top.
(I'm no fan of EVs)

TSLA.jpg
 
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