Short-Term TSLA Price Movements - 2013

[Jonathan Hewitt]

One last spike at the end of the day? I hope so. Sell orders on some of my options standing by...(Have not sold a single share of stock, though)

 

[FredTMC]

Needs more Short covering and less profit takers to run up into the close...

 

[hershey101]

Im axfly happy about how this is playing out. It seems like there will be no short squeeze just a steady run-up in price. Which is nice and predictable and easy to make money from and better for the company in the long term.

 

[CapitalistOppressor]

Other than the early morning spike above $80 it traded in a nice range today between $75 and $78. Just a strong, strong day.

 

[FredTMC]

Other than the early morning spike above $80 it traded in a nice range today between $75 and $78. Just a strong, strong day.

+1!!

 

[CapitalistOppressor]

Lol. It's up 10% but feels steady somehow. Dunno how that works.

 

[ibcs]

With volume of almost 25 million shares does that mean that the short sellers are out at this point. I've never seen 24 million shares of Tesla traded in a single day! What does this mean to the average trader?

Thank you for your input.

 

[FredTMC]

25m shs. Crazy volume. Bigger than yesterday.

 

[ckessel]

Feels weird to say a +10% day was disappointing, but I'll take it. 2 days of crazy volume and no dramatic squeezing.

 

[CapitalistOppressor]

25m shs. Crazy volume. Bigger than yesterday.

I show 24.16m shares traded. Just insane regardless. Especially the staying power.

 

[ShortSlaver]

Decent close, quite a few day trading shorts left holding the bag here desperately hoping for a dramatic drop like yesterdays.

Volume calmed down considerably by noon. This created a far more stable stock I think. Today was a real joy though, thought it would get some back but didn't anticipate up into the 80's. And one thing about this bull is it hits a level, falls back hard and then busts through it the next day.

No idea what Monday brings but TSLA may have found a nice place in the mid-70's to work from. I'm getting used to 10%+ gains per day though.

 

[Volker.Berlin]

Tesla Shorts Run for Cover as Stock Doubles: Mover - Bloomberg

[...] About 20 percent of the company’s shares outstanding were borrowed and sold short on May 8, down from 23 percent three weeks ago, according to data compiled by Bloomberg and Markit, a London-based research firm. That compares with an average 3.1 percent for the Russell 1000 Index.

Shares on loan in Tesla reached a record 25 percent in September last year.

Musk said in an interview last week there are rumors some investors had a naked short position in Tesla. In a naked short sale, the seller doesn’t borrow shares at the beginning of the process and can get caught needing to buy at ever-higher prices.

“You’re not supposed to do that on the Nasdaq,” Musk said on May 2 in Hawthorne, California. “If there’s a naked short, oh my god, things could really go ballistic.” [...]

 

[avatar]

Bloomberg: “Tesla Shorts Run for Cover as Stock Doubles: Mover“
Tesla Shorts Run for Cover as Stock Doubles: Mover - Bloomberg

As per Elon "“You’re not supposed to do that on the Nasdaq,” Musk said on May 2 in Hawthorne, California. “If there’s a naked short, oh my god, things could really go ballistic.”

Ballistic - Please please please go ballistic!

 

[zeron]

Interesting comments there re: naked short:

Musk said in an interview last week there are rumors some investors had a naked short position in Tesla. In a naked short sale, the seller doesn’t borrow shares at the beginning of the process and can get caught needing to buy at ever-higher prices.
“You’re not supposed to do that on the Nasdaq,” Musk said on May 2 in Hawthorne, California. “If there’s a naked short, oh my god, things could really go ballistic.”

It's also really annoying that they always insist on claiming how hes a billionaire and what not. All of that money is in shares in his companies, and he'll go back to millionaire poor if they fail (or completely strapped for cash, as in 2008).

 

[avatar]

Why Teslas rally may have a short fuse | FT Alphaville

"While the percentage of shares out on loan has fallen recently, it still stands at near 20 per cent. TSLA is also currently very expensive to borrow, with a cost to borrow score at a max of 10.According to Markit that means there’s still a heavy short squeeze risk for the stock."

 

[ckessel]

"While the percentage of shares out on loan has fallen recently, it still stands at near 20 per cent."

Not sure what the 20% means. Does that mean short interest has fallen from 40% to 20%?

 

[Norbert]

Not sure what the 20% means. Does that mean short interest has fallen from 40% to 20%?

I think figures around 20% refer to the total of outstanding shares, while figures around 40% refer to the so-called "float", which is about half of that. So doesn't sound like much of a change within whatever time frame the article is looking at.

 

[Norse]

I am pretty sure there are new shorters that came in just before earnings call. And I dont see a reason why it wont squeeze higher as investors wont sell low when we know the future is bright. I really dont think it will come down alot before we get some really bad news, and that just wont happen!

 

[mitch672]

I am pretty sure there are new shorters that came in just before earnings call. And I dont see a reason why it wont squeeze higher as investors wont sell low when we know the future is bright. I really dont think it will come down alot before we get some really bad news, and that just wont happen!

Lets hope not, but those shorts always manage to find/fabricate something that been the history of TSLA

 

[DonPedro]

20% of 114.52M shares means short interest of 22,9 million, a decline of less than 5 million since April 30. May that be true!