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@TheTalkingMule
Yes, this kind of market manipulation has been happening to TSLA for a very long time. They have been practising their craft since what I've coined the "Bloomberg Bare Raid" on Sep 18, 2018.
TSLA dropped 9.1% in 14 min after Bloomberg Business published a sensational headline about a S EC c rim inal p ro be which turned out to be simply a civil suit but who cares rite? Here's a link to the comment I wrote on that day: (charts reposted here, too)
#37,494 posted by
@Artful Dodger Sep 19, 2018 at 11:14 am ET
While reading, keep in mind that today's drop was only 3.25% over 60 minutes, and required a massive assist from a macro dump (which could well have been coordinated).
... and here is the per-minute SP data from NASDAQ : (again this was a 9% drop in 14 min)
Highly-respected commenter
@Fact Checking wrote in comment
#37,485
"20 dollar drop, so a $20 million dollars profit per 1M shares.
"Still a nice payoff, especially if your short position was otherwise in the red. Only requires the right information, lack of ethics and a certain amount of criminal energy."
@humbaba presented this keen observation in comment
#37,490
"Likewise. In the past few weeks (I forget just when) Market Watch revived the "burning crashed Tesla" story from June pretending that it had just happened. Oddly, after I made a comment about it here, they lightly edited it to make it less obvious that it was a rehash while maintaining the pretense of it being current news."
You should know these comments were also written on Sep 19, 2018. Sound eerily familar? The whole discussion here at TMC on that day reads like an echo from the past.
This story line of attack by hedgies continued for over a year, cuminating in the (now proven to be baseless) request for a con tem pt of cou rt order by the S EC in spring 2019 which dragged the SP down for over 3 months until resolved.
At the time (Sep 2018), one prominent shortzes was quoted as saying 'Tesla can't win; if they survive as a car company, we'll simply sue them to death'. How revealing about their intentions, their tactics, and their ethics.
These are the people you're facing. Hedgies refined their playbook years ago. MMs are now simply replaying their greatest hits. There's nothing new here.
Know yer history.
Word.