Oddly enough, I don’t think so. Sure, I am sure some shorts are throwing in the towel. I don’t believe we have seen the cascading margin calls that force the stock price higher. If Tesla breaks even in second quarter, and/or gets included into the S&P500, then the fireworks really start
well the train did Come Back Inn around $600 but by the time I could get my order in it had had raced back up to $700. Oh Cry Me a River. .
ark investments. they actually sold 17% of their tesla holdings back in may, because it was throwing their portfolio out of whack
Thought about selling a few shares yesterday back when it was $1750 just to rebalance a bit. Didn't do it in time before it took a 16% downswing. Oh well. Still very long in the company. Easier to rebalance by buying more of everything else. (although not at these valuations, I believe we are in for a overall market drop at some point in the next few months)
i keep swinging back and forth between, 'the markets going to tank' and 'maybe we'll slide through it somehow'. but the former is based on known facts and data, and the latter is likely wishful thinking.
Ya, when people start to realize you actually have to have earnings to justify these valuations it's gonna be a blood bath. Some companies can get away with it due to bright futures (Tesla) but others (banks and most B&M retail) need earnings in the here and now.
With the 2020 Q2 financials coming out July 22, there is a lot of speculation about whether TSLA might join the S&P500. This is one of the better presentations: The irony is skeptics and SHORT sellers got me interested enough to look at and buy TSLA awhile back. Like the old saw, find the stupidest person around and do the opposite. Bob Wilson
I agree. I have listened to Rob's podcast for years now and am so impressed how far he has come as an analyst. He deserves all of his success he is having.
Source: TSLA Short Interest / Tesla Motors, Inc. It appears there has been a change of sentiment on Monday, July 21. The SHORTs have 'backed off' and the stock shot up in the afternoon trading. I had anticipated Monday would be a tell but in the morning. Regardless, I've adjusted my small lot sell price, UP. Thursday, July 23 will be very interesting. Bob Wilson
Financial advice is a cafeteria of various dishes that you can overfill your plate only to sit down and find the taste does not match the illusion: Tesla: S&P 500 Inclusion Could Hurt Shorts More (NASDAQ:TSLA) | Seeking Alpha Shorts are covering shares at large mark-to-market losses as Tesla continues to rise, and short interest still remains around 13.9 million shares. Inclusion in the S&P 500 and rising cost to borrow could put much more pressure on already pressured short positions. . . . Tesla (TSLA) has already cemented itself as one of the highest-flying stocks in July, rising to a high of almost $1800 intra-day (up 66% from June 30) with only half of the month gone. Tesla's momentum is quite ridiculous, but looks to be driven in part by short sellers, positive Q2 deliveries numbers, and S&P inclusion on the radar. Tesla is on the cusp of eligibility for inclusion in the S&P 500, with it only needing to show positive earnings through 4 consecutive quarters as well as a profitable most recent quarter. Q2 deliveries announced on July 2 blazed past analyst expectations, even with the Fremont production facility closed for much of the quarter due to California's reopening plan and procedures. Deliveries hit 90,650 vehicles, as analysts only expected 72,000 to be delivered due to the production facility closures. But deliveries aren't indicative of financial performance, and aren't indicative of a profitable quarter. . . . Tuesday, July 21, and Wednesday, July 22, should be fascinating. I'll also enjoy seeing Thursday, July 23. Bob Wilson
It's been an incredible investment opportunity for many since 2nd half of last year, and it was fun buying and selling it for a while... Posted via the PriusChat mobile app.
Source_1: TSLA - Short Squeeze Stock Short Interest for Tesla Motors Incorporated Short shares: 15,140,000 -> 13,960,000 (9.47%) Float shares: 147,360,000 Source_2: TSLA Short Interest / Tesla Motors, Inc. Market Date Short Volume Total Volume Short Volume Ratio 2020-07-21 3,286,475 16,157,200 20.34 2020-07-20 3,400,990 17,121,300 19.86 2020-07-17 2,534,574 9,329,900 27.17 2020-07-16 4,235,075 14,300,700 29.61 2020-07-15 4,604,013 16,367,800 28.13 2020-07-14 6,108,882 23,418,100 26.09 Looks like the SHORTs are headed to the exit ... fast. FYI, looks like Tesla made a modest profit. Bob Wilson
