Short sellers have been preying on Tesla stock for years. Have they finally reached their come-uppance? “Most big Tesla shorts aren’t losing sleep or missing meals because of their positions,” Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, told Institutional Investor. “They still think this will eventually go their way.”
On a Tesla Motors Club thread, some members there recently shared a few old claims of perennial Tesla bears. It was a brilliant little move of reverse trolling, and it prompted me to do something I’ve been wanting to do for ages — dig up some old claims about Tesla from prominent bears and see how they held up to the light of today.
All innovative companies attract negative press coverage, but the tide of anti-Tesla scare stories and misinformation has reached such preposterous proportions that it has become a story in itself (remember, colleagues, we’re supposed to report the news, not make it). It’s widely believed that much of the mud, especially the articles that focus on financial and stock-market topics, originates with short sellers, who have collectively bet some $12 billion against the California carmaker.
Tesla short seller extraordinaire Jim Chanos of Kynikos Associates — who hasn’t been served well by his positions on the company in the past several years — has continued to add to his short position on Tesla in recent days, he revealed at the recent Reuters Global Investment 2018 Outlook Summit.
