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Hey! Here's some icing on today's cake. Latest short figures have just been released, and short interest INCREASED by 1.1 million shares since the last reporting period. 37.18 million shares were shorted as of 10/15 settlement.
Tesla, Inc. Common Stock (TSLA) Short Interest
The stock has been pretty stable and thinly traded since 10/15 (until today of course)...so assuming no net covering, those 1.1 million shorts were already underwater by about $50 million this morning.
@ihors3 said:Ihor Dusaniwsky @ihors3 Oct 15
$TSLA short int is $8.99bn; 34.98mm shs shorted; 24.80% of float, 0.56% fee. Now the 2nd largest U.S. short behind $AAPL. Shs shorted down -3.9mm shs, -10.04%, over last 30 days as price rose +5% & down -750k shs, -2.1%, over last week. Shorts down -$568mm in MTM October losses.
@ihors3 said:Ihor Dusaniwsky @ihors3 6h6 hours ago
$TSLA short int is $8.31 bn; 32.62 mm shs shorted; 23.13% of float; 0.58% borrow fee. Shorts are down $1.4 billion in mark-to-marker losses this morning as #Tesla beatearnings & sales expectations. Read my research note at: https://shortsight.com/s3-analytics-tesla-shorts-down-1-4-billion-on-q3-results/ …
Didn't the democratic governmentg gave Tesla a life line during the recession?
Interesting. Looks like Ihor was off ~2M shares, or ~1.4%. If he was wrong about the covering through that time period was he wrong for the next week or so, or did the covering end up happening to catch it up to his most recent report...
TSLAQ are more like flat earthers - never had a legitimate piece of evidence to stand on in the first place, and whenever you state obvious facts to disprove one of their stupid theories they just shout “fraud” and/or invent a new even more absurd theory.
These people are so deluded, so out-of-touch with reality, they actually think they are battling evil. It's sad but hilarious at the same time.
The sad thing about this particular story is that the only thing he has left to offer his "fellow" shorts is a beach volleyball lesson! Probably lost the $50,000 inheritance from grandma and grandpa and is *still* living in mom's basement.
I just arrived in Amsterdam. The entire line of taxis at the airport was Tesla. I was hoping to get an X but just got an S. You have a pretty full belly though I hope you get even more!Great, we’re starving over here!
I think they will be eating Crow when they read the 10Q. No reorg expenses, no write downs, COGS are declining, production is up, labor is down. Sooner or later that is a pretty good recipe for profits, not crow.
You can't shatter laminated glass, only tempered (or not tempered, but hopefully your car does not have that).
Some Car Windows Are Harder to Break in an Emergency, Says AAA
It's primarily losses on used car trade-ins and lease returns.I thought in most dealerships service is a major profit driver. What is Tesla doing differently that is costing it so much money?
Is it simply the pricing of the parts? Tesla has the parts priced so low that they are losing money when you add everything else in?
Warranty work is Auto Sales COGS not Services & Other.Just a guess .. but they need to improve initial quality ... i have my MS in for 4 warranty items ... as the fleet ages maybe this improves
fire away
He's always wrong. Dude's methodology is flagrantly bad and he should not be taken seriouslyInteresting. Looks like Ihor was off ~2M shares, or ~1.4%. If he was wrong about the covering through that time period was he wrong for the next week or so, or did the covering end up happening to catch it up to his most recent report...
After looking at the Q3 update I realized they improved margins on service to from -22.8% to -21.7%, but still lost ~$119 million in that area, I'm trying to figure out why Tesla is losing so much in service, and what is stopping them from reversing that.
I thought in most dealerships service is a major profit driver. What is Tesla doing differently that is costing it so much money?
Is it simply the pricing of the parts? Tesla has the parts priced so low that they are losing money when you add everything else in?
Can they price the parts higher without some backlash if that is the issue? I assume there's some reason Tesla has elected not to increase parts pricing.
Important if true. Is there any way we can confirm this?Warranty work is Auto Sales COGS not Services & Other.
I get it for anyone who feels he should be ignored, but from what I recall the only time he was significantly wrong was earlier this year (and boy, was he wrong). This feels like it is shaping up to be the same thing. But I don't feel like I should write it off until it is proven wrong -- so I'm going to continue watching and check it again when the next official numbers come out. If it happens again I probably will start ignoring him as well.He's always wrong. Dude's methodology is flagrantly bad and he should not be taken seriously