Yeah, that's revisionist history. The downtrend started just before the Q1 earnings call, on Jan 26, 2021:
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The bitcoin announcement was made in the 2020 10-K which was released on Feb 8, 2021. As you can see above, TSLA already had 2 down days followed by a flat day before the 10-K dropped. Once we hit the Lower-BB, it was an easy matter for naked shortzes to make TSLA ride it down until the next major good news (Q1 P&D).
The reality is that shortzes were going to use any excuse at hand to point at as the cause for what they intended to do all along. Do you remember when Mr. Big Short himself Michael Burry was tweeting "enjoy it while it lasts" at TSLA longs? When was that? Do you think he did that is isolation, or did he talk to friends '
in the club'?
Michael Burry To Tesla Investors: 'Enjoy It While It Lasts' › Yahoo news › michael-burry-tesla | Jan 8, 2021
Here's some free advice: shortzes are gonna short, the system is corrupt, and its the only one we've got until somebody builds something better.
Now who do you think that could be? People like Elon, or people like Burry? The manta in Silicon Valley is 'fail quickly'. It's ugly, but it got us reusable rockets and cheap access to space, then starlink. Wanna bet Elon fixes crypto next? If he can do that, can he fix the Market too? .
I hope so, but Elon needs allies. That's got to start with us, because it surely won't be Michael Burry et. al. Allow the man to fail, regroup and try again. It's the proven way forward, when 250 yrs of the other management style has only gotten us to 420 ppm.
Cheers!