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Tesla Shorts to Amass First-Ever $20 Billion Bet Against a Stock
Posted on 7/9/20 at 11:09 pm
Posted on 7/9/20 at 11:09 pm
quote:
(Bloomberg) -- Tesla Inc.’s skeptics are undeterred by Elon Musk poking fun at them over the carmaker’s stock surge, with the amount of shares being sold short heading for a milestone.
The Model 3 maker’s stock is poised to be the first to hit a short-interest level of $20 billion, according to research firm S3 Partners. The value of shares that have been sold short has climbed recently to $19.95 billion.
Read more: Musk Sells Satin Short Shorts for $69.42
S3 said in a report Thursday that both Tesla and Nikola Corp. shares look like candidates for a short squeeze, referring to when short sellers are forced by a stock’s gain to close their position, which in turn drives the price even higher.
Tesla’s squeeze is more obvious -- its 233% gain this year likely is forcing out short sellers who’ve hit their limit for losses. The potential for a squeeze in Nikola, which is developing fuel-cell and battery-electric semi trucks, has more to do with high borrowing fees, S3 said.
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Posted on 7/9/20 at 11:50 pm to saintforlife1
Anybody here shorting this?
Posted on 7/10/20 at 12:21 am to LSUneaux
Not any more. I shorted Tesla daily in late May. They would consistently hit resistance at about 830, drop down to about 800, then go back to about 830. Once it broke through that resistance level I quit because It never stopped again consistently like that. It’s super unpredictable and makes moves in either direction contrary to news that should force it in the opposite direction.
I also made 4K the day musk tweeted it was overvalued on a single put but it was just dumb luck. I remember when it happened and the rush of that day kept me chasing but I have long since quit. I do think it’s way overvalued but still won’t touch it.
I also made 4K the day musk tweeted it was overvalued on a single put but it was just dumb luck. I remember when it happened and the rush of that day kept me chasing but I have long since quit. I do think it’s way overvalued but still won’t touch it.
Posted on 7/10/20 at 1:20 pm to LSURN98
Another +7% today. Short squeezing hard.
Posted on 7/10/20 at 2:22 pm to lsu xman
Posted on 7/10/20 at 2:22 pm to LSUneaux
quote:I question how many people who have truly ever truly “shorted” a stock but pretend that they have.
Anybody here shorting this?
And I don’t mean option puts since access to option trading is easy/popular and basic selling puts is not a very risky strategy and serves the same function as shorting.
Posted on 7/10/20 at 2:59 pm to buckeye_vol
Ya the borrow on Tesla is retarded I bet.
Posted on 7/10/20 at 3:14 pm to cgrand
I sold all of mine today. Felt like a good time to follow the "bird in the hand" rule.
Posted on 7/10/20 at 3:30 pm to amusedmuse
I should have, but I am interested to see how high it goes with earnings on the 22nd and possible listing on the S&P 500.
Posted on 7/13/20 at 8:37 am to saintforlife1
And it keeps going. shite is nuts
Posted on 7/13/20 at 8:50 am to saintforlife1
I want to so bad. 
But I realize I’m betting against an army of die hard loyalists who have all the money news networks cheering them on. It futile.
But I realize I’m betting against an army of die hard loyalists who have all the money news networks cheering them on. It futile.
Posted on 7/13/20 at 9:02 am to castorinho
quote:
And it keeps going. shite is nuts
No it actually makes percect sense. People are buying a stock with inelastic demand. We know this because the number of holders is highly correlated with the stock price performance after Q419. In other words, nobody is selling and shorts are covering and there's only buying pressure.
Posted on 7/13/20 at 9:14 am to wutangfinancial
Tesla is feeling like Bitcoin in late 2017.
Posted on 7/13/20 at 9:37 am to Eric Nies Grind Time
Think about how many cap-weighted funds are forced to buy this garbage at these levels 
Posted on 7/13/20 at 10:14 am to saintforlife1
Eh why not $2,000, $2,500, or $3,000 at this rate?
What does it matter at this point?
This is why I’ve stopped shorting it. It’s irrational, but who knows when it will gain rationality again.
What does it matter at this point?
This is why I’ve stopped shorting it. It’s irrational, but who knows when it will gain rationality again.
This post was edited on 7/13/20 at 10:15 am
Posted on 7/13/20 at 10:18 am to southernelite
quote:
Eh why not $2,000, $2,500, or $3,000 at this rate?
Why stop there? Why don’t we go BRK.A?
Posted on 7/13/20 at 11:08 am to buckeye_vol
quote:
selling puts is not a very risky strategy and serves the same function as shorting.
Wat? Selling puts is a bullish strategy and it can be very risky relative to premium received.
But yes, I suspect most retail investors are using options to “short” a stock. Most are probably buying puts. Some might be writing naked calls, which is just as risky as a true short sale.
Posted on 7/13/20 at 11:11 am to Eric Nies Grind Time
I'm loving it. I did well jumping in around the 6 and 700sPosted on 7/13/20 at 11:12 am to lostinbr
quote:
retail investors
quote:godspeed
Some might be writing naked calls
Posted on 7/13/20 at 11:44 am to saintforlife1
I sold about 80% of my TSLA position today, will buy back in probably 25-30% cheaper with a crash sometime later this year. 
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