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Yes, the signing of the 5K/wk M3 banner tells us that the rate has been achieved. I have seen magnified views of the banner that show 6/30/18 as the date of the signing. Reuters has once again tried to put as negative a spin as possible on the M3 ramp, quoting 2 employees as stating that 5K/wk wasn't reached until 5 hours after cutoff. Personally, I choose to believe the thousands of banner signers over those two employees. We'll continue to see the hostile media spinning negativity into the future, but some shorts must be getting nervous now and I would expect some covering to begin soon.
pz1975
Active Member
“7000 cars, 7 days”
Wow that’s amazing!! I can smell some burning from somewhere...
EDIT: This is 5,000 Model 3’s + 2,000 Model S/X.
Regarding stock price, there are some investors who suggest that shorts will push hard during low volume 4th of July weekend, but with short percentage of selling still around 40%, I don't think they have the horsepower to make much difference. Further, you will have some longs who have been worried about the 5K target jumping in this week and if we get a jump upwards, it could force more short covering. Tesla will likely show their cards Tuesday or Thursday. They may wait to get as high a production rate as possible before announcing and say 5k/wk sustained and 6K burst rate in past week. I expect to see TSLA running up pretty well by close on Friday, but it could start as early as Monday pre-market. Gonna be exciting to watch! I'd say by July 13 we'll likely see plenty of stock price appreciation because the big investors are back from their July 4 vacations by then.Remember, too, that Elon said short positions will "explode" in 3 weeks, which includes the coming week. I suspect he has more in store.
Update:
With Elon now confirming 5K/wk has been met, TSLA should have a very nice day on Monday. They included 2K of MX and MS produced that week to show that they didn't decimate other lines to make goals with M3. We are definitely on the right side of this bet.
Update:
With Elon now confirming 5K/wk has been met, TSLA should have a very nice day on Monday. They included 2K of MX and MS produced that week to show that they didn't decimate other lines to make goals with M3. We are definitely on the right side of this bet.
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Thinking about trading on Monday, it would be suicidal for shorts to try an MMD because TSLA will be a bulldozer on open. Their best chance is to combine with some serious FUD to try and cap the top and then press for a decline in afternoon after a nice rise and insinuate that the 5K achievement means nothing without knowing the gross margins. So, if you have some short-term calls I would watch the cap and see if it remains successful. If it is broken, then shorts get worried and start covering and algos join in. Then there can be a second cap and perhaps a second break upwards, which would likely lead to renewed climbing in afternoon. Shorts haven't had the numbers to succeed in such strategies in the past couple of weeks, but maybe they've been saving themselves for this low volume week. The July 4 week has been historically a time when shorts take advantage of the low volume.
If you are invested longer-term, the best move is likely to sit on your hands and watch the fireworks while waiting for the next ATH. Consider that Q2 ER may not have good numbers, but the guidance forward should be extremely positive. The end of September gives us Q3 deliveries, which should be huge because of M3 ramp (6K/wk coming soon) and because of delayed Q2 deliveries in early July. In early November we have Q3 ER, which should be epic. Q4 should be even more positive. Don't get too carried away with playing any dips and miss these events. The fun is just beginning.
If you are invested longer-term, the best move is likely to sit on your hands and watch the fireworks while waiting for the next ATH. Consider that Q2 ER may not have good numbers, but the guidance forward should be extremely positive. The end of September gives us Q3 deliveries, which should be huge because of M3 ramp (6K/wk coming soon) and because of delayed Q2 deliveries in early July. In early November we have Q3 ER, which should be epic. Q4 should be even more positive. Don't get too carried away with playing any dips and miss these events. The fun is just beginning.
It's fair to say the shorts and FUDsters are still around. After word came out that Tesla had hit the 5K/wk mark for M3 production, the Frankfurt exchange showed TSLA up 6% near open late last night. Enthusiasm carried over into NASDAQ pre-market trading and opening, with TSLA exceeding 364 not long after opening. Then came worries of Tesla's Q2 delivery numbers, which were of course low because Tesla has obviously been gaming the delivery numbers fo push the 200,000th U.S. delivery into the 3rd quarter. The bears spun the story to suggest that the whole 5K/wk production rate was unsustainable, which led to increased enthusiasm in the population of shorts and a reason for weak longs to exit.
With short-selling at 41% of 18M shares, that's a lot of selling! You can see the telltale icicle-shaped dips between 11:45am and 2:00pm as shorts tried and failed to force the stock lower. It eventually recovered nearly to the red/green line, As we went into the close, we saw the often-used short technique of a hard push downward in the closing minutes of the market day. As it turns out, this time period coincided with a debate on CNBC between a short and Ross Gerber. In no way did the short win the debate, but the dip was coordinated with the TV segment and TSLA closed down nearly $8 for the day.
The good news is that Tesla has won the war already. They have achieved profitable and cash-flow positive production rate and it's only a matter of time before this reality becomes known to a broader segment of the TSLA investor community. Let's see what else Elon has up his sleeve in the short term. As the real story becomes known and as Tesla demonstrates its ability to not only maintain 5K M3 production but build upon it, the market will wake up and the inevitable price appreciation will happen. Patience is a virtue at times like this and trying to guess the exact moment when TSLA pops continues to be a tough bet.
Conditions:
* Dow up 36 (0.15%)
* NASDAQ up 57 (0.79%)
* TSLA 335.07, down 7.88 (2.30%)
* TSLA volume 18.6M shares
* Oil 74.06, down 0.09 (0.12%)
* Percent of TSLA selling by shorts: 41.4%
A Little Perspective
* Three months ago, in early April, Tesla was making 2,000 M3s/week in burst mode and producing 4,000 vehicles in a good week.
* Today, Tesla is making 5,000 M3s/week and producing 7,000 vehicles in a good week.
* Before the quarter is up, Tesla will be turning out 6,000 M3/wk and 8,000 vehiles/wk total.
* The progress in the past 3 months is phenomenal. We';re now looking at a doubling of output in a span of 6 months. The market will figure it out soon enough. Don't focus entirely on today's stock action. We have backed a company that is now producing a profitable quantity of vehicles while they lead the world into a revolution in terrestrial transportation, electrical generation, and electrical storage. Victory is ours. Now let's spread the word and enjoy the inevitable rise of TSLA's value in the coming months.
* Three months ago, in early April, Tesla was making 2,000 M3s/week in burst mode and producing 4,000 vehicles in a good week.
* Today, Tesla is making 5,000 M3s/week and producing 7,000 vehicles in a good week.
* Before the quarter is up, Tesla will be turning out 6,000 M3/wk and 8,000 vehiles/wk total.
* The progress in the past 3 months is phenomenal. We';re now looking at a doubling of output in a span of 6 months. The market will figure it out soon enough. Don't focus entirely on today's stock action. We have backed a company that is now producing a profitable quantity of vehicles while they lead the world into a revolution in terrestrial transportation, electrical generation, and electrical storage. Victory is ours. Now let's spread the word and enjoy the inevitable rise of TSLA's value in the coming months.
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Great thread and excellent analysis PapaFox. There is a huge weight sitting on the share price that's coiled up tight. This weight will topple over the next few months as Tesla moves into positive cash flow and profitability. The short squeeze will probably last from end of Q3 P&D and be in its zenith end of Q4 ER, continuing the until Model Y ramp starts. Much like the previous one in 2013 I think we we see price reach 3 to 4 times it is now.
So, we've just experienced a $50 drop in SP from yesterday's opening to today's close, following news that Tesla has reached its goal of producing 5K Model 3s/wk. Is this crazy? Yes it is.
The bear theory is that Tesla won't produce anywhere near 5K/wk Model 3s in Q3, won't make a profit, and even if it does make a profit in Q3 and Q4 the profits will not be sustainable. This is a last ditch effort by the enemies of Tesla to try and trip it up prior to the company reaching sustainable profitability. They won't succeed because demand is off the charts for Tesla's Model 3 and enough production is taking place in this quarter so that Tesla no longer needs to burn cash. In fact, the opposite is an option. Since part suppliers will generally give Tesla 90 or more days to pay on parts provided, Tesla is receiving payment for its cars well before paying for the parts. With 5K M3s/wk, this works out to be lots of cash coming in, not counting the millions received for configuration deposits in the past week. Elon was right that Tesla doesn't need a capital raise this year. If might be prudent to take one once the SP has recovered, but it can continue to ramp the M3 line until the cows come home without borrowing a nickel.
Rather than challenge the whole bear argument, what we need to look at right now is the likely number of Model 3s that will be produced in Q3 because with all the high-end M3s being produced alongside the very-high-margin Performance M3s, margins are not an issue for Q3. If you consider there will be 12 weeks in the quarter and 5K/wk Model 3 production on average, that would equate to 60,000 M3s next quarter. If you anticipate 2 weeks of down time for production line tweaking, etc., that's still 50,000 M3s in Q3, which will be well than enough to bring a profit. Let's look at how Wall Street took a wrong turn and is underestimating the number of M3s Tesla will produce in the current quarter.
Here's today's Bloomberg chart of Model 3 production. Notice that they never acknowledged Tesla's making 5,000 Model 3s last week. Instead, they showed barely over 4,400 and just look at the trend line (lighter green color). Is that 2500 M3s this week and 1800 M3s the following week? These numbers are delusional unless there's programmed down time for the lines. No wonder the shorts are so enthused, reading charts like this.
Here's how the media and the bears get it wrong with the math. Tesla delivered 18,440 Model 3s in Q2. Divide this number by 10 weeks and you get only 1844/wk average, which is below the 2000/wk production rate claimed in the beginning of Q2. The problem is that Tesla produced 28,578 Model 3s Q2, which works out to a much more reasonable 2858/wk average (well above advertised 2k/wk rate in early Q2). The rapid ramp in the end of the month, and the inability (or purposeful effort) to deliver these vehicles in Q2 accounts for the 11,166 Model 3s in transit in Q2, nearly 40% of the entire quarter's production! If the media discounts the significance of these kinds of numbers it is misleading the investment community, which helps to explain the very surprising dip these past two days.
The reality is that Tesla may not produce 5K M3s in the present week with a holiday and with last week's effort being an all-out sprint. I'd be surprised with less than 4200, though, and then the quantities are going to creep up towards 6K or higher at quarter's end or sooner (perhaps much sooner). Tesla does give numbers initially that require max effort from employees, but those numbers can in fact become sustainable numbers quickly as efficiencies occur. The whisper is that 5K/wk average looks realistic for M3 in Q3. Many production stations are already capable of 6K/wk. As I have already said, we've already won the war. Unless the enemies of Tesla can find a way to scare off the majority of buyers, Tesla is well on its way to becoming a vibrant, profitable company.
What about the shorts? Taking a look at the chart above from volumebot.com, you can see that shorts did nearly half the selling today. They're back with a score to settle and as they get in deeper this close to Tesla profitability, they're setting themselves up for one heck of a surprise.
Looking at the technical chart, you can see that TSLA fell to the intersection of the lower bollinger band and 50 day moving average, which finally provided the necessary support to stop today's downward motion. Why today for the big plunge? It was a half day of trading which allowed the shorts to sell like crazy and reach the closing bell before they ran out of ammo. July 4 has been a historically red week for TSLA, and so with a shortened holiday week and a shorted trading day on Tuesday, it was the perfect setup for their mischief.
What might the SP do on Thursday? Much depends upon what happens over the holiday. If good news (Elon tweets and analyst upgrades) overpowers the FUD, expect a turnaround. This close to Q3's profitability and with a price of 310, TSLA could climb very quickly. Without good news and/or poor macros, shorts could pull TSLA down further before the turnaround. Personally, I like to see attempts of shorting fail before I get comfortable that we've turned the corner. These prices are very attractive right now, but bare in mind that additional pressure could be forthcoming.
Tesla just this past weekend reached a milestone of being able to carry on indefinitely without the need for external capital to fund its Nevada and Fremont activities. Of course Tesla will build more factories, and of course they'll raise external cash for these, but the essential part of the equation is that they don't need to any more. Tesla will be worth much more in the future. The question is how do you play this dip which may now be at or near its bottom?
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So, the plot thickens. Today was a massive slugfest between hungry longs ready to buy and devious shorts, ready to spend what's necessary to see that the longs didn't prevail. Volume was over 17 million shares, with more than 280,000 shares trading hands in the first and last minute of market hours (a time when shorts can reload without too negatively affecting the SP). Shorts fired a mighty opening salvo two minutes into trading with over 100,000 shares sold in a minute. Why do I say shorts were doing the selling? They accounted for 55% of today's selling at TSLA and extreme selling is much more likely to be done by that group than by longs. See chart below.
According to volumebot.com , TSLA shorts did 55% of today's selling
The NASDAQ Daily chart for July 5
Looking at the NASDAQ chart, you can see a decline until a little after 11am, at which time the NASDAQ began a substantial climb. TSLA instead plunged until just before 11am, at which time it started a recovery, but unlike the NASDAQ which closed up over 1% today, shorts started capping TSLA at the red/green line in a game of "whack-the-mole" which lasted for the entire afternoon. Combine this capping with the dip on steroids engineered in the morning, and shorts managed to keep TSLA from running away well into the green.
Meanwhile, Bloomberg must have been reading the fun we've been making of their charts yesterday, because they corrected the Model 3 chart today and now reflect sustained greater than 5,000/wk production of M3 in the near future. The change in the Bloomberg chart had no noticeable effect on TSLA trading today, suggesting that the chart has already been marginalized in the minds of investors.
The afternoon hours have been punctuated with tweets by Elon asking pointed questions to a Business Insider reporter that strongly suggest ties to Martin Tripp, and to short-seller Jim Chanos and suggest illegal activities. Hopefully, we'll get some clarity on the evidence behind those accusations because this could be a big positive for the SP if cooperative misconduct between the media, a short-seller, and Mr. Tripp's illegal activities is proven. On the other hand, a misstep by Elon here could become a negative for the SP if things don't pan out. Stay tuned.
Has TSLA bottomed out yet? The dip certainly has lost momentum and TSLA once again closed above the lower bollinger band, but it's too early yet to call victory. Congrats if you grabbed some shares below 300 today, this could be you last chance to ever do so. On the other hand, we did not see longs break the "whack-a-mole" game of the shorts today, and the day was a very positive day for the broader markets. Here's hoping macros shine on TSLA tomorrow and the buying pressure overwhelms the massive efforts by the shorts, allowing TSLA to start heading back to more reasonable valuations. Don't be surprised to see 60% of selling done by the shorts tomorrow. This whole dip is a creation of the nefarious forces that don't want to see Tesla succeed, and the July 4 week was the perfect time to implement it. Can you imagine the dip we would have seen if Tesla only achieved 4,000 Model 3s by June 30? In retrospect, pulling out all the stops to reach the June 30 deadline looks to have been the right move.
Conditions:
* Dow up 181.92 (0.75%)
* NASDAQ up 83.75 (1.12%)
* TSLA 309.16, down 1.70 (0.55%)
* TSLA volume 17.3M shares
* Oil 72.78, down 0.16 (0.22%)
* Percent of TSLA selling by shorts: 55%
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What a week it's been. On Monday, TSLA shot up to 366 as the good news of 5K/wk M3 production rate. Apparently the big shorts were planning a massive bear attack, just like on the July 4 week of last year, and they unleashed a flurry of short-selling, coordinated with a significant FUD attack. The result was TSLA losing $50 in value between opening on Monday and the early closing on Tuesday for the July 4 holiday. On Thurday and on Friday shorts pulled out the stops on significant mandatory morning dips (Thursday's was coordinated with a dip in the NASDAQ) but in both cases TSLA closed near the starting point for the day, even though short percentage of selling continued to run higher each day.
The reasons for such a robust attack include damaging the positions of bulls. If the SP could have been driven down far enough, some bulls would fall prey to margin calls (just as some shorts had experienced last week), some positions would be sold due to stop-losses being triggered, and the stock would then fall even quicker. Unfortunately for the shorts, they couldn't keep the SP under 300 with the positive macros environment we saw on Thursday and Friday.. We've now reached a point where shorts seem unable to pull TSLA lower. Their best hope now is for some macro event to pull the whole market down and give TSLA a bit more of a decline. Shorts such as Jim Chanos, who claims to have entered his positions in the 280s, have no way to exit the stock without losses. Alas, the big dogs of investing return to work on Monday after their July 4 extended vacations, and they're going to find TSLA on sale at bargain prices and about to become a profitable, positive cash-flow company once the assembly lines spin back up and achieve the 5K/week rate with Model 3.
On Friday, you can see the very clear indications of short-manipulations during the mandatory morning dips with steep icicle dips, followed by immediate near-recoveries. By noon TSLA made it into the green and the remainder of the day was just one long game of whack-the-mole with shorts expending whatever resources were necessary to prevent TSLA from beginning a robust rally into the green. Such a rally would spook many shorts into covering and encourage longs that the bottom has been reached and it is time to buy back in to enjoy the ride up.
Friday's volumebot.com chart shows the steady rise in percentage of TSLA selling done by shorts.
Friday's tech chart gives a good look at where TSLA now rests. The upper bollinger band is still quite high, 374.19, which leaves room for a very nice recovery within its range. The lower bb is at 305.45 and has once again provided support to keep the SP from closing below it. Upside potential greatly exceeds downside potential in the short run, especially when you consider that the decline from 366 was a fabricated effort rather than a response to any truly negative news. What TSLA needs now to is a catalyst to get things moving upward again, and such a catalyst may soon be forthcoming.
At week's end, Elon asked some very pointed and embarrassing questions to Business Insider reporter Lynette Lopez, suggesting nefarious links between Martin Tripp, Lopez, and short-seller Jim Chanos. While Wall Street cringes when a CEO gets down in the weeds and makes such charges. If links to illegal activities between these three can be unearthed and brought to the public's attention in the form of a lawsuit, Tesla can gain traction in the battle with shorts.
The best way to gain traction, however, is simply by showing day in and day out that Tesla can sustain a 5k/week M3 production rate. Such a catalyst will take a few weeks at best to generate, however.
More recently, Elon has put the whole war against the shorts on the back burner while he races on Saturday with SpaceX engineers to fabricate a diver-propelled mini-submarine in an 8 hour span then fly it to Thailand in 17 hours. The sub would allow members of the soccer team trapped in the underground tunnel to be brought to safety before more monsoon rains arrive. If Elon's efforts are successful, the event will speak not only of the humanitarian effort by the Musk team, but also its ability to quickly innovate at a time when no one else on earth seems to be putting forth a better solution. Wouldn't a successful rescue highlight what is right about Elon and his people? For the sake of the kids and their coach, fingers crossed and prayers spoken.
For the week, TSLA closed down 34.05 from last Friday's 342.95. Better days lay ahead. Have a good weekend.
Conditions:
* Dow up 100 (0.41%)
* NASDAQ up 102 (1.34%)
* TSLA 308.90, down 0.26 (0.08%)
* TSLA volume 8.9M shares
* Oil 73.80, up 0.86 (1.18%)
* Short percent of TSLA selling: 55.4%
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The macros smiled once again on TSLA and with their help, shorts lost control of the SP today. This afternoon, families of longs emerged from bear-raid shelters as the all-clear signal was sounded. We saw a spirited attempt by shorts to sink TSLA right on opening, but typical Monday-morning buy-on-open longs immediately bit the SP back up, shorts walked it down, and then a series of ups and downs took place with shorts losing control around 2pm and the SP running up into close.
Shorts sold an ever-growing 59% of TSLA today, up from last week but not enough to keep the price under control. It turns out that perhaps the catalyst longs had been looking for was a Bloomberg story about Elon flying to Shanghai and then Beijing this week. If a deal to avoid the tariffs can be inked, TSLA will rise quickly, and on the chance that such an outcome is possible, TSLA climbed.
Looking at the technical chart, you can see that after two days of consolidation not far above the lower bollinger band, TSLA has broken out of consolidation mode and begun a climb. The biggest risk factor at present is the M3 ramp speed. Stories suggest that Tesla has been making changes to the M3 line, which has so far resulted in slow output in recent days. The good news is that if those changes are substantial, Tesla could reach sustainable 5K/week M3 production rate sooner than expected. So... it's risk of a low production story in the short run vs. a likely nice increase in production speed not long from now.
Conditions:
* Dow up 320 (1.31%)
* NASDAQ up 68 (0.88%)
* TSLA 318.51, up 9.61 (3.11%)
* TSLA volume 7.3M shares
* Oil 73.97, up 0.12 (0.16%)
* Percent of TSLA selling by shorts: 59%
mershaw2001
I'm short the short sellers
Papa, does the lower short levels correlate with the dip in share price and the higher short levels correlate with an increase in tsla price? I see your two graphs can't be lined up too easily by eye, but it would appear that when tesla was falling the shorts were laying off from placing a majority of trades.
I think the point of comparing the two graphs was not to show a direct cause-effect relationship but rather was to suggest that shorts are typically buying in at a time that is not likely to yield a profit (and thereby suggests a motive other than profit). Such was the case today, with shorts clearly dominating the selling of TSLA at a time when TSLA has just apparently bottomed out and has just begun a rise. Such timing suggests a nefarious reason for shorting, i.e. keeping the SP down at all costs rather than simply selling high and buying low.
Consider these numbers. If shorts did about 60% of the selling today, they accounted for .6 x 7.3M shares = 4.3M shares sold. That leave 3.0M shares sold today by longs. At least .5M shares are sold long simply in the course of normal operations by brokerages and market makers, leaving a mere 2.5M shares sold by longs who really wanted to divest at this price. There was, however, demand to buy 7.3M shares, minus whatever number (let's say less than 1 million) of shares are just transient buys by brokerages, market makers, etc., minus covering by shorts. The bottom line is that at these prices, demand to buy greatly outstripped supply of longs to sell, and you would have seen an even more robust run to higher prices if not for the shorts who sold and thereby brought some equilibrium to the demand/supply equation, but at a cost to themselves for taking on this seller role on a day when the SP clearly wanted to run higher.
Note that we really don't know if the 59% of TSLA selling by shorts yielded a net increase in short positions for the day. I think it did because manipulating shorts lacked an opportune time in the afternoon to get rid of short positions created earlier in the day by buying (covering) at a lower price, but most of all we can guess that shorts were doing lots of selling at critical times, buying (covering) at less critical times, and then repeating the process to avoid the kind of price run-up we saw in the afternoon today. For example, they sell like crazy when there's a rally beginning (in order to cap the rise) and then slowly cover when things are back under control.The manipulative shorts got caught with short positions they couldn't get rid of at a profit today, and so they're going to either try to double-down tomorrow to get out or take their losses as the SP runs up even higher.
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OK, had to laugh at that line!
Good grief.
This is remarkably like last year's behavior. I wasn't willing to trade based on expecting the same behavior two years in a row, but I kind of wish I had.
Make no mistake -- these changes are aiming for 10K. Sustainable 5K is merely a step on the road to 10K.
Today Tesla officially announced the future gigafactory (batteries & vehicles) in Shanghai, but the stock didn't budge much. Reasons include:
* Important details missing: funding? exemptions to the China tariffs?
* Short percentage of selling was over 61%
In after-hours trading today TSLA lost its gains and dipped into the red on news of the U.S. expanding tariffs on China. Regarding the tariffs, I think Trump really wants a resolution prior to mid-term elections, and so upping the ante may speed up the whole process. OTOH, if the Chinese respond by buying fewer treasury bills, etc., then the tariff wars become a can of worms and the U.S. can lose its advantage in the conflict. One way or the other, I expect a resolution before mid-November, possibly much sooner. Tesla's Shanghai factory won't be putting out cars for another couple of years yet, and so only the vehicles imported from the U.S. will likely fall prey to the tariff conflict. Since Tesla can likely sell and the S and X vehicles it makes in the U.S. as the tax credit gets ready to run to half value at the end of Q4, Tesla may not be seriously hurt by the tariff war, but Wall Street may not figure that out for a while.
Shorts did 61.44% of TSLA selling today, bringing us into the very high range for percent of selling by shorts.
Such a high percentage of selling by shorts does put price pressure on the stock, but so far TSLA has drifted higher even under this extra weight. Tomorrow is likely a down macro day, so we'll get to see how resilient TSLA is to the combination of heavy short-selling and bad macros.
As I mentioned yesterday, Tesla has been producing significantly fewer vehicles than usual the past week, due to changes they're making at the Fremont factory. Since S and X appear to be involved, I would guess that work on the paint shop is something that is being done. Expect to see potentially excellent production rates a bit earlier than you might expect, but such a strategy leaves Tesla vulnerable to bear attacks in the short run.
Conditions:
* Dow up 143 (0.58%)
* NASDAQ up 3 (0.04%)
* TSLA 322.47, up 3.96 (%)
* TSLA volume 9.3M shares
* Oil 73.36, down 0.75 (1.01%)
* Percent of selling by TSLA shorts: 61.44%
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Papafox, I'm going to link you to the post in the market action thread where I figured out that your source shortvolume.com has its overall volume numbers incorrectly halved (doubling the reported short sale percentage), while another source, fintel.io ( https://fintel.io/ss/us/tsla ) has its overall volume numbers incorrectly doubled (halving the reported short sale percentage).
TSLA Market Action: 2018 Investor Roundtable
So divide all your short-selling percent numbers by two.
TSLA Market Action: 2018 Investor Roundtable
So divide all your short-selling percent numbers by two.
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