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Ihor Dusaniwsky on Twitter
$TSLA down another 4% this morning following a 8% drop yesterday. Short interest is $8.5 billion. #Tesla
If you are going off Ihor's tweet, it looks like it was sent at around 10:30 am PT/1:30 pm ET with SP at about 297 which equates to roughly 30M shares, which is up roughly 1.6M shares from the last official report for 3/15 (28.4M shares). (Could be a little lower depending on when he ran his numbers if SP was higher.)
Amount shorted in dollars is down because SP is down, but overall shorted shares appear to be up since mid-March.
Edit: corrected SP to 297 for 10:30 am PT/1:30 pm ET
ah, ha! I knew there was a reason that number was stuck in my mind. Thanks!
SP at close yesterday was 279.18 -- reduce by 4% is about $268 at the time Ihor ran his numbers.
$8.5B/$268/share equals 31.7M shares.
Assuming this is correct, as is typical (and counterintuitive) short interest in TSLA is increasing as the SP drops as shorts covering are outnumbered by shorts piling in or increasing their stake.
March 15 28.4M (Nasdaq)
March 27 30M (estimate backed out from Ihor's numbers)
March 29 31.7M (ditto)
Talking about burying the lede, what about M3 ramp # in Q1. IMO your #4 and #5 will come for sure if the M3 ramp# is good. #4 may need to wait till early May during Q1ER. #5 can come any time, my guess is after the share price run up is mostly done, as the big boys will buy themselves before they tell others to get in on the actionWith the recent bout of bad news stories, a surge of good news needs to commence soon, hopefully starting with the production numbers. Any of the following would help move the stock and could read out in the next few weeks: (1) Favorable judgment in one of the anti-Tesla states (Michigan, Missouri, Connecticut, Texas, etc.); (2) NHTSA ends its investigation with no serious findings (Tesla into fire truck incident); (3) Congress extends EV tax credit; (4) Tesla has no need to raise additional cash; (5) a new or existing institution given a strong buy signal to investors.
Some shorts are starting to cover. My Loaned out shares just got returned to me on fidelity. Take it for what you want
Some shorts are starting to cover. My Loaned out shares just got returned to me on fidelity. Take it for what you want
They have 3.5B cash and going to be bringing in 50,000*60,000=3B revenue in a quarter or two from m3, why do a follow on now?
Yea, heard this all before, it comes down to whether the market believes when pipe 1 will start to pay off. IMO the market is way underestimating the potential of pipe 1, and how close it is to pouring out $$$$.until Tesla can demonstrate that it will generate cash from pipe #1 to begin repaying existing secured and un-secured creditors.
Bloomberg's forcast of 2k/wk into April is back
We Set Out to Crack Tesla's Biggest Mystery: How Many Model 3s It's Making
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What has been the catalyst for such a drop when the production ramp feels way more real now than when a few weeks ago ?