Yes indeed. Maybe then Adam Jonas will feel badly enough for sandbagging it to give us his real price target.
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Yes indeed. Maybe then Adam Jonas will feel badly enough for sandbagging it to give us his real price target.
Puzzling as it is, I am not catching any significant signs of covering, in fact there is still shorting going on - talking about trying to piss against the wind in a ... wind tunnel (I am wondering if Tesla has one or is outsourcing their testing - cause you know, would be nice to say pissing against the wind in Tesla wind tunnel)
racer26
Active Member
Thanks vgrinshpun. In a way, the fact that we've reached 304 without any substantial short covering is even more bullish. It tells us that longs continue to drive this rally and shorts haven't really joined in yet. I suppose it's best to partake of the dessert towards the end of the meal.
No just buy buy
That's normal, most shorts are shorting because of fundamentals not matching the stock price. Being rational here, the fundamentals didn't change, except the fact that there was a growth in revenues...
Shorts will give up once profits will be at the corner and inevitable : basically once M3 production and deliveries will prove itself working.
For now, to them, what's happening here is just a bubble inflating even more.
Waiting4M3
Active Member
Ulmo
Active Member
Closing at $-1.11 (-0.37%) from the intra-day all time high isn't bad out of a protracted battle, but I will be interested to see how the options holders affect this at week closing, since we closed over $300 today for the first time at $303.70, sure to be a number some designed options around.
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Mike Smith
Active Member
Tesla won't stay this heavily shorted forever. It's like they have a massive share buyback planned where they don't even have to pay for the shares. This is being way undervalued by the market.
The reason it is puzzling is that as SP hitting ATH every day, short sellers, at the end of every day are required to increase their collateral in a separate account to a value higher than SP x quantity of shares held short. So if somebody held 1000 shares short, as the stock moved from $245 to $300 in less than a month he/she would be required to increase the collateral from $245k+ to $300k+. That got to hurt, and at certain point could lead to insolvency...
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jschwefel
Tesla fan/TSLA, Model Y and Cybertruck owner.
My son just reminded me that $300 per share was my target price for buying a Model S. The only reason I forgot was I bought a used one last June. Driving it is way more fun than watching the stock price go up, and that's a lot of fun too. 
TSLA closes above $300 / share for the first trading day ever! Been waiting years for this day to come. Congrats to all long investors!
My son just reminded me that $300 per share was my target price for buying a Model S. The only reason I forgot was I bought a used one last June. Driving it is way more fun than watching the stock price go up, and that's a lot of fun too.
Hold onto those shares, and keep loving that drive! Best of both worlds!
jschwefel
Tesla fan/TSLA, Model Y and Cybertruck owner.
Hold onto those shares, and keep loving that drive! Best of both worlds!
You're right; I will hold onto both. I'm not selling until Elon does. I have to admit that upgrading to a new performance model with AP is really tempting though.
You're right; I will hold onto both. I'm not selling until Elon does. I have to admit that upgrading to a new performance model with AP is really tempting though.
Which in a way is also investing into tesla, basically you funneling shorters cash to them
@1kEE:
april 21 300C. i had a whole bunch from last week that i kept, and stuck with it buying and selling a handful over the last two glorious days, while keeping a solid core of 15 or so that i moved mid-day today. will look for any dip tomorrow to try and get back in for any quick trimmings available.
I increased my TSLA holdings by > 10% today, with a buy at open and a couple more above 300. I'm cautious of a retest of 280 but more concerned with owning as many shares as I can for the ride to 400.
Wow, and you got a 10+ fold return (you mentioned 1120%) ?
I came close to doubling my money buying apr13-300C in the 4s and selling in the 8s....
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