Hedge funds shorting Tesla just lost more than $5 billion ---> Newbie/born yesterday Hedge funds shorting Tesla just lost more than $5 billion The upforce momentum is so strong. Lately, Elon has had a great relationship with President Trump. Who would be foolish enough to short it?
358 in after market... Some are speculating there's a push to break the ATH 414, to make a symbolic show that Biden/Democrats manipulated the market to hold down the share value on ideological grounds while Trump/Republicans freed it to express its true value. One thing is for sure, there's big money going into TSLA to make that point and today I'm laughing all the way to the bank after a couple years of constipation.
As much as I know its stupid to argue with the price, this entire move higher isn't based on any material difference to the business. FSD is still shit and will not be available in an unsupervised manner for a long time, and I highly think never given just the cameras. Has anyone noticed that no videos ever show it in difficult driving conditions? I never see how it handles rain or snow. Almost every video is sunny weather, or at night, without rain. And even then, there are countless videos of how it fails the most basic tasks sometimes. The robots are also a joke, even though Musk seems to think everyone will buy one for $30k. Most geographical areas have slowing vehicles sales, and especially EV sales, and I think its coming out that BEV will be the ultimate winner, which Tesla isn't obviously going to do. Let's also not forget that Trump will be reversing EV mandates. None of this is good for the Tesla business model. But of course the stock can easily keep pumping as long as fanboys keep buying options forcing the price higher.
So I take it this means you're not a TSLA bull? Funny how the market is right when price goes your way but the market is stooopid when it doesn't. And your assessment is wrong 1. Demand for EVs has not dropped (see my post if the last few days). 2. Battery tech is evolving and world leading CATL will have a production ready solid state solution with 3x the power of existing batteries in 2027-28, meaning for the same amount of batteries you will be able to drive between 800 and 900 miles with 20 mn recharge times. No one is going BEV and Europe has always made it clear they won't meet the ban on ICE vehicles from 2035 onward. 3. You can argue with FSD, but that's not what sells Tesla vehicles today, it's the cars. 4. Forget the robots for a minute. Tesla Semis are about to enter and dominate the trucking industry in North America and Europe. And then there's Tesla Energy which continues to ramp up with 30% margins.