Love ‘em or hate ‘em, you have to give the short sellers credit for their dedication. Hedge fund manager Mark Spiegel even follows the market while taking a bath — two computer screens perched near the tub keep him apprised of the latest ill winds. Much of his time is spent sitting at his dining room table, sending a steady stream of tweets explaining why Tesla will eventually crash and burn, making Spiegel an even wealthier man.
One of Wall Street’s most famous short sellers, Andrew Left of Citron Research, has been trying to make a mockery of Tesla for years. Five years ago Left crowed, “By the time this [Model 3] product is even approaching market, there will be multiple other 200-mile range plug-ins that have been out for years.” In turn, Left bet heavily against Tesla — sure that the electric automaker was doomed. Then, it all changed.
Longtime Tesla short firm Citron Research has totally flipped on Tesla [TSLA]. It has gotten straight from its position shorting the stock all the way on over to a comfortable long position in the stock, according to a report issued by the firm today. The longtime shorter of Tesla’s stock issued a multi-page report to justify its change of heart, citing numerous charts from CleanTechnica in support of the change — well, four charts out of the 18 we published on Sunday.
