short sellers

Gamestonk [GME]? Did Tesla [TSLA] Shorts & Retail Investors Pave The Way?

I was trying to write the third part in my “Tesla [TSLA] Retail Investors Have an Advantage — Here’s Why” series, and I kept getting distracted by reading about the various short squeezes currently being carried out on Wall Street, headlined by Gamestop. On that topic, I am amazed by the parallels that the WallStreetBets subreddit has to a lot of my own research over the past few years.

Reuters: In November 2017, Jim Chanos Said Elon Musk Would Leave Tesla By 2020 —…

It was just brought to my attention that Jim Chanos, one of Tesla’s fiercest short sellers, who believed/believes Tesla is a fraud, predicted in 2017 that Elon Musk would step down from his position as CEO of Tesla by 2020. He, like many short sellers, also predicted Tesla would go bankrupt, but he did not give a timeframe on that matter. As you can see, this information comes from a Reuters Global Markets Forum tweet from a little more than two years ago. It seems to be the only source of this information.

What Are Tesla’s Short Sellers Thinking Now?

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.

Tesla’s Cash Story In 1 Chart — & How Narrow-Minded TSLA Media Coverage Scared You

You may remember months earlier this year when the financial press and certain analysts obsessed over Tesla’s declining cash balance. Perhaps it was genuine, but my impression is it was “concern trolling,” faux hysteria, and even an attempt to confuse and manipulate the public in the worst cases.

This struck me yet again while looking at a chart that a CleanTechnica reader created and shared.