The Agony of the Tesla Bears: $8.4 Billion of Losses in Five Weeks

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“Tesla is my widowmaker.” Short sellers of Tesla’s stock can't get a break.

Fred Lande’s heart was pounding as he watched Tesla Inc. shares charge to an all-time high of $968.99 last week. It wasn’t because he was happy.

He’d bet thousands of dollars that the frantic rally that has more than tripled the price of the shares in just a few months was doomed to end, and soon. Concluding his gamble was wrong, he closed the options trade at a loss.

 

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No profit?

Their multiple should be in line with a tech company not an automotive manufacturer.

Unbelievers keep perishing.

GunjanJS Gunjan, bulls are winning for now...I am thinking this bubble is about to pop. It just needs little head line. Don’t get me wrong, I think long term is looking good as finally being posting profits.

GunjanJS Amazing what a coup in bolivia for lithium can do

GunjanJS Betting an American company/entrepreneur will fail is inherently wrong and not what this country is about, fuck short sellers

GunjanJS People who bet against stocks are by definition speculators, not “investors”

The market can be wrong longer than you can be solvent. Anyone who was able to hold out til now before opening a short will clean up.

lol

Use puts dummies lol

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Investors Bet Against Tesla—And Lost $8.4 Billion in Five WeeksShort sellers feel the pain of their gamble that the electric-car maker’s share price is inflated as the stock soared to heights few had predicted. ‘Oh damn, I got my butt kicked.’ HiltonDevan This is good. $TSLA is nothing like Bitcoin. tesla makes useful advance technology ⚙ vehicles, somehting people thought not to see so soon on their roads in near future. thirdrowtesla elonmusk Teslarati 😮 😮
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