On March 7 we ran a short tip on Tesla stock. At the time it was trading at $270 having crashed off a post-election peak of $488. Amidst much tariff volatility, the shares have traded in a range between $288 and $259 since then, as the market tries to make its mind up about the stock.
In an increasing nightmare scenario for CEO Elon Musk, Tesla dealerships have been set on fire, cars vandalised and European sales have fallen off a cliff. Tesla has become one of the most shorted Wall Street stocks by hedge funds.
In the wake of Tesla’s much-awaited results this week, The Armchair Trader discusses whether it is worth staying short Tesla, how European consumers and investors are reacting and the role of ‘regulatory credits’ in propping up Tesla’s bottom line.
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