Tesla Is really good for shorting.
Yesterday's pre-open high was above 181. And an hour into the open it fell to near 173. Now trading at 174.20 post-market.
All these volatility caused by Elon Musk's erratic behaviour. He is making life interesting for Teska stake holders.
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Please condisder these:-
1) losing market shares in their key product category, EV’s.
2) running down on free cash flow as of last quarterly statement.
3) CEO wanting to milk Tesla even more with this campaign to get votes to issue himself $56 billion.
4) using Tesla funds to pay for this canpaign.
5) Firing talents left and right.
6) Even senior executives are flocking away.
7) Have a board totally under the control of the CEO.
8) Constant change in directions by the CEO.
9) cheaper EV, Supercharger failed.
10) back to painting promise of the future (Robitaxi). Remember his promise to take Tesla private, promise of Tesla roadster, how great Cybertruck was going to be?
How is Tesla not a perfect candidate for shorting?