Clean Energy Transition首席执行官Per Lekander表示，特斯拉是世界历史上最大的股市泡沫，但在实践中，人们必须小心谨慎。① Tesla's stock price has halved compared to its historical high in December of last year, with data showing that short sellers of Tesla have profited nearly 18 billion USD in this round of decline; ② The drop in Tesla's stock price has created mixed feelings among short sellers, with some Analysts warning that making large bets or shorting Tesla before June is unwise; ③ Some analysts also believe that Tesla will not be permanently weakened, and a Morgan Stanley Analyst states that the current pullback is a buying opportunity.
According to the Financial Association on March 20 (edited by Ma Lan), the stocks of USA electric vehicle manufacturers $Tesla (TSLA.US)$ have been sold off for several consecutive days. After reaching an all-time high in December last year, the stock price has now halved.
According to S3 Partners data, short sellers who continue to bet against Tesla have profited nearly 18 billion USD in this round of decline. However, this profit has not made the short sellers overly happy, and instead, they have mixed feelings while evaluating Tesla's future stock price trends.
Per Lekander, CEO of Clean Energy Transition, stated that Tesla is the largest stock market bubble in world history, but in practice, caution must be exercised.
He also warned that making large bets or shorting Tesla before June is unwise, as the company is expected to launch its self-driving taxi service in June, which is a very significant event for its investors and could influence the stock price movement.
Lekander's attitude roughly represents the Tesla short sellers; although the current drop has earned them a substantial amount of money, no one is certain how Tesla's stock price will develop in the future.
Kerry Goh, CEO of Kamet Capital, also warned that he believes the current sell-off is temporary, and shorting Tesla cannot be conducted according to common sense or custom, making it an unpredictable situation.
Tesla PTSD
Hazeltree Data Insights Managing Director Tim Smith stated that funds that have long held short positions in Tesla have faced significant losses in the past, which may explain why they are now very cautious.
In the days following Trump's presidential win, Tesla shorts lost over 5 billion dollars, which may have left a considerable psychological impact on the shorts.
Lekander claimed that his company now only holds moderate short positions, so that in the event of a massive collapse, his company would not lose too much. He also mentioned a saying circulating among Tesla shorts: when something goes wrong, one should immediately run away.
Carson Block, CEO of Muddy Waters Research, cautiously stated that even though Musk now seems to have caused catastrophic losses for Tesla, he is not willing to short Tesla, or to short Musk.
Some analysts firmly believe that Tesla will not be down for long. Morgan Stanley Analyst Adam Jonas mentioned in a report that the current pullback is a buying opportunity.
Another survey shows that the consensus among analysts focusing on Tesla is that the company will rise more than 50% in the next 12 months.
Editor/rice
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
Comment(4)
Reason For Report