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Tesla short sellers have lost $8.3B in 2020 YTD
Posted on 2/3/20 at 3:20 pm
Posted on 2/3/20 at 3:20 pm
quote:
Tesla short-sellers, or traders betting that the Elon Musk-led automaker's shares will decline, are feeling the heat Monday.
Short-seller mark-to-market losses reached $2.5 billion in just one day as Tesla's stock surged to new highs, according to a Monday note from Ihor Dusaniwsky, managing director of predictive analytics at financial-analytics firm S3 Partners. At one point, the stock traded up 20%, the biggest one-day gain for the equity since 2013, according to Bloomberg data.
That brings the 2020 year-to-date mark-to-market losses for Tesla short-sellers to $8.31 billion, according to S3 data. That's nearly three times greater than short-seller losses in 2019, which were about $2.9 billion mark-to-market at the year end.
As short-seller losses mount, all eyes are watching for a dramatic "short squeeze," which is when a stock gains so rapidly that traders betting against it are forced to cover short positions, sometimes sending the stock price even higher.
LINK
Posted on 2/3/20 at 3:41 pm to Street Hawk
tesla is turning into bitcoin at the rate it's going
Posted on 2/3/20 at 7:29 pm to DVinBR
quote:This is insane. It has to hit a wall and free fall back to a more realistic amount, right?
tesla is turning into bitcoin at the rate it's going
Posted on 2/3/20 at 8:00 pm to Street Hawk
Tesla short sellers as a whole have been one of those most arrogant groups I have seen. Markets have a tendency to humble the arrogant.
Posted on 2/3/20 at 8:40 pm to Street Hawk
Never underestimate the stupidity of the investor...nothing about Tesla makes sense.
Posted on 2/3/20 at 9:11 pm to cwill
quote:
Never underestimate the stupidity of the investor...nothing about Tesla makes sense.
i refused to buy tesla because the fundamentals font make sense at all.
waith that said the market has stayed irrational much longer than i could solvent so i will just sit on sideline.
Posted on 2/3/20 at 9:19 pm to oklahogjr
I can’t remember who/where, but a respected investor said as a rule he doesn’t short frauds....Tesla if it isn’t is borderline.
Posted on 2/3/20 at 10:02 pm to cwill
At least they are making real products. Look at spce virgin galactic.
Posted on 2/3/20 at 11:26 pm to cwill
quote:
can’t remember who/where, but a respected investor said as a rule he doesn’t short frauds....Tesla if it isn’t is borderline.
Maybe Bill Ackman... After he lost his arse shorting Herbalife. this feels similar in that there seems to be competing positions on Wall Street duking it out, without regard to the actual company and financials. It doesn’t help the shorts that musk has a mass of lemmings willing to buy at any price because it’s “cool” and going up forever. Simply spectacular.
Posted on 2/4/20 at 7:27 am to TigerDeBaiter
Who are the top crash test dummies who’ve remained short TSLA? Einhorn and Chanos?
Posted on 2/4/20 at 7:46 am to Jag_Warrior
Short position gets attractive as price approaches $1,000. Just don’t think I have the guts to go in, or the wisdom to know when to get out
Posted on 2/4/20 at 9:21 am to Street Hawk
Almost as bad as anybody that owns silver
Posted on 2/4/20 at 9:24 am to ynlvr
While I *might* make an option play (short call spreads) if it gets up there and REALLY shows signs of toppiness, but I wouldn’t short this thing. Way too capital intensive for us mere mortals, plus the costs and fees are prohibitively expensive.
Posted on 2/4/20 at 11:04 am to Jag_Warrior
Einhorn is mostly out of his short position. Change possibly.
If you are short this thing right now you deserve everything that’s happened to you.
If you are short this thing right now you deserve everything that’s happened to you.
Posted on 2/4/20 at 11:14 am to leoj
quote:
If you are short this thing right now you deserve everything that’s happened to you.
Agreed
Posted on 2/4/20 at 11:15 am to TigerDeBaiter
quote:
without regard to the actual company and financials.
I think that applies more to the stocks meteoric rise than anything else.
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