The Austin-based fund manager is sitting out the rally that has nearly doubled Tesla's stock price within a month. And he says it would be wise for others to do the same.
The breathtaking speed of the rally has been widely attributed to a so-called short squeeze. That's what happens when a sudden price rally forces traders who had bet against a company to cover their position and buy its stock. alike and sent Tesla's stock into the stratosphere. That decade of course ended with a speculative bid for unprofitable companies that were touted as future mainstays of internet-based activities from web browsing to pet-food ordering.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I Will believe him when he shows us proof that he is shorting Tesla by at least 1 million dollars
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
VIDEO: Tesla Model 3 records man peeing on Model 3 across the street - Business InsiderThe video was filmed with Tesla's Sentry Mode feature. Sentry Mode uses a vehicle's cameras to observe its surroundings when the owner is away. grashoff_will Male marking territory?) Hipster_Trader RampCapitalLLC QTRResearch Which one of you was this ?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Robinhood trader made 1,300% return from Tesla stock rally - Business InsiderThe amateur investor claims he turned $5,000 into more than $130,000 in less than a month, thanks to soaring shares of Tesla. ama_kusi Theron_Mohamed Elsie78707596 Theron_Mohamed SEC_Enforcement How much have you looked into the /r/wallstreetbets community and culture? There's an active effort there to collude and manipulate share prices. The community has grown to almost a million subscribers.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Elon Musk lost nearly $6 billion in one day as Tesla sank 17% - Business InsiderAt the peak of Tesla's rally, Musk was ranked as high as No. 20 on the Bloomberg Billionaires Index. He now sits at No. 25. Ouch!!😖😖 He lost nothing if the shares were not sold. 🤷♂️ it's ok, he still has $37.1 billion left
Source: BusinessInsider - 🏆 729. / 51 Read more »