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RichEgoli t1_j6kt4jf wrote

I don't know how many shorters who have been burnt or squeezed since listed. The analysis and fundamentals might support you, but Tesla has been bad for short traders.

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kimkoh OP t1_j6ldyej wrote

The negatives against TSLA was cleared. Poor sales, short delivery lead time, production issues gone with price cuts. Now is to sit back and watch. Shorts will have a harder time now.

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Icy-Subject-6118 t1_j6n1brp wrote

I think you’re being sarcastic but it’s hard to tell. They cut the price because they don’t have the amount of orders to sustain their future. Soon they’ll be just a shitty car manufacturer without anyone really buying.

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kimkoh OP t1_j6n7or1 wrote

Doesn’t matter if Tesla is shitty or Chanos is good guy and Mask is bad. All I want is if they going to make announcements, please let me know ahead. Thank you.

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AmplitudeTrader t1_j6maa6o wrote

I think a lot of the price action on Tesla yesterday was due to short sellers.

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stockrot t1_j6mkudt wrote

Profit takers too helped the price action . That was a huge run from 115 to 175ish in a matter of a couple of weeks . I wouldn't touch shorting TSLA here with a 10 foot pole. Chanos has been in the position for years and suffered a lot a pain on the way up to $400 .I give him credit he hung with it . Nobody talks about the wild card gif . All the Musk haters too busy bashing him . What happens ????? Musk wakes up tomorrow and announces he is Taking Twitter public?? That's his plan you know . TSLA goes directly to $300 . As far as Chanos is concerned YES HE IS SHORT ,but he is a smart guy . He most probably exited his position at 110/120 . Then watched the run up and figured that was too far too fast and re entered. I agree the big move up was too quick and there will be Retracement.

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kimkoh OP t1_j6n6uln wrote

What I don’t like is he took short positions and then come out to influence as he has followers. So he’s not different from Mask.

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stockrot t1_j6ngbc4 wrote

OP Don't worry about him gif CHANOS track record sucks. He has lost more money than he has ever made . TSLA has tortured him and drained money from him for years .He has a big reputation as a BIG short seller .What they don't tell you he hasn't beat the S&P500 or even come close for more than a decade . He should get a big L tattoo on his forehead :) Looks like TSLA is going to take him to the cleaners again!! LOL

https://www.institutionalinvestor.com/article/b1rb09jvppdv1d/Assets-Have-Tanked-at-Two-of-the-World-s-Biggest-Short-Sellers

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VisualMod t1_j6ksp47 wrote

Tesla is overvalued and its profits will peak soon as competition in the electric vehicle market increases. That's according to Jim Chanos, founder of Kynikos Associates LP, who said Monday he's still shorting Tesla Inc. (TSLA) - Get Report . "We think the competitive environment is only going to get worse for them," Chanos told CNBC's Scott Wapner on "Halftime Report." He added that other companies such as General Motors Co. (GM) - Get Report are making big bets in EVs and autonomous driving technologies.

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kimkoh OP t1_j6kthvo wrote

His short positions got threatened by the recent upside, so need to make a comment to recover.

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tdogtags t1_j6ku3lp wrote

What other car companies should I invest in?

1

mecausasui t1_j6kwxum wrote

all of them. they're all making ev's now. vw and ford seem to have interesting positions in the market

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stockrot t1_j6mmlx7 wrote

F Ford very cheap here ,you need patience .

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SateliteDicPic t1_j6kwvws wrote

Yeah because a price war is so bullish. Chanos is still way up on his short.

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kimkoh OP t1_j6ldftd wrote

Wonder what’s the pain point to force the shorts to cover? $185 or $220

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ChampionshipLow8541 t1_j6meu8f wrote

What makes you think it’s one specific point?

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kimkoh OP t1_j6nazwx wrote

None. I’m not sure. Guessing what will cause the pain to start and snowball the short covering.

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ChampionshipLow8541 t1_j6no5jd wrote

It’s a continuum, just like people’s buy-in prices. And it depends on how much ability you have to wait it out (and they have A LOT). The only thing that would cause a panic imho is if the whole market started a strong and sustained recovery, and they‘d feel that Tesla would be washed up with it, even if the performance started to deteriorate. And it will deteriorate. But if the weak market continues for one or two more quarters, bad news about Tesla will eventually come out and there will be no general momentum to stop the drop.

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stockrot t1_j6mhy9s wrote

Simple you shorted at $300 like Chanos you made money ,you shorted at 110 like some degenerates here you got crushed. CC last week @ 185 had spectacular premiums .

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VisualMod t1_j6ksoeu wrote

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1

TarkovReddit0r t1_j6kxvft wrote

I get it the economy is up for a correction and we have shitty macros

Still better options to short than Tesla

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lfaexs t1_j6l3ydl wrote

LOLLLL They never learn. Idiot is short amc and tesla 44%

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kimkoh OP t1_j6ldims wrote

They are just trying earn some bucks.

0