ridethepig
Short

ridethepig | The Tesla Bubble

NASDAQ:TSLA   TESLA INC
It's really difficult to find any Tesla charts here lately ... maybe you guys can post some in the comments (:

Tesla adding another $20bn in market cap alone this morning...all perfectly normal valuation growth... right. I suggest selling TSLA on the open and expecting a -25% move to the downside. Lack of sizings against the bullish flow is allowing the short-squeeze to continue. Capitulation was the catalyst to go actively short, and in hindsight see how we were jumping the gun earlier into the move. TSLA will obviously benefit from the transition away from an oil driven economy, though this move does not reflect normality.

The risk-off sentiment led to a significant divergence in the surface and inversion in short-interest structure. Initially I am going to run the trade dynamically to position for both a continuation and reversal (in simple words hedging) and then when the trade starts working we can go massive on sizings !

Ahead of the technical resistance at 900, I evaluate the balance sheet path's under different assumptions for the demand. I continue to suggest the metrics are overstretched on both deliverables and PPE spending. In my models, stock is fairly valued at +/- 250. xx but with initial targets (can't believe I am saying this) of 650 and 550. If we get enough interest in the comments we can explore TSLA's financial status and short-interest resilience to date.

As usual thanks for keeping the likes, comments and etc coming!
Comment: Eyes here, bulls looking exhausted
Comment:
Trade closed: target reached: TP1 HIT
Trade closed: target reached: Updates here.. TP2 547 hit!

Comments

Very Nice! Here is my chart
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I really love how that played out. Well done buddy
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Anoinvest Anoinvest
@Anoinvest, I shorted it as well just BTW
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This was a brilliant prediction on your behalf. I am kicking myself for closing my short when it was 780. It started rallying again and I freaked out :(
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I shorted TSLA at 900. It is incredibly hard to maintain sanity over bullish runs such as today. Like minded people here give me peace. Win or lose, I am not the only one who thinks this is a bubble.
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Don't agree, way to massive market cap ----
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Definitely a nice gap fill down there by $250! I've been saying this for a while, I think we finally got it. Amazing chart play out here with this call!
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650.00 buy for a short then back to 550
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Hey buddy, will the stock continue to tank tomorrow?
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Nailed it bud. GJ. Shorted at 850
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