Tesla short sellers lose $1.5 billion in a single day

[Hamartia Antidote]

https://www.cbsnews.com/news/tesla-stock-price-up-short-sellers-lose-1-5-billion-in-single-day/#

• Tesla shares shot up $45, or nearly 20%, on Thursday after the company reported a rare quarterly profit. Most analysts had been expecting a loss.
• The stock price gain clobbered short sellers -- bearish investors who bet shares will fall -- with a $1.5 billion paper loss on Thursday alone.
• Tesla remains one of the most shorted stocks in the market

Wall Street Short sellers, many of whom have long believed Elon Musk's electric car maker Telsa is a junker, got run over on Thursday, losing about $1.5 billion in one day on their bearish bets after the company reported a rare quarterly profit.

Telsa's stocks price jumped about $45 to nearly $300 after Musk's company reported late on Wednesday that the company had turned a profit in the third quarter of $342 million. Analysts had been expecting the company to lose $72 million, according to FactSet.


That surprising news sent the stock soaring Thursday in the biggest increase in Tesla's stock since 2013. That clobbered short sellers, who borrow shares and then sell them in the hopes of buying them back later at a lower price, with a one-day paper loss of about $1.5 billion.

 

[ZeEa5KPul]

Without access to the Chinese market Elon would have been crushed like a bug. But once he's served his purpose - spurring Chinese NEV manufacturers to step up their game - he's going to get crushed anyway.

 

[BringHarmony]

Without access to the Chinese market Elon would have been crushed like a bug. But once he's served his purpose - spurring Chinese NEV manufacturers to step up their game - he's going to get crushed anyway.

As if Chinese didn't try already. They did and failed miserably.

https://www.ft.com/content/1ed039c8-7e14-11e9-81d2-f785092ab560

People over-estimate China grossly. Lastly, do you think that only Chinese can play this game?

 

[Beast]

As if Chinese didn't try already. They did and failed miserably.

https://www.ft.com/content/1ed039c8-7e14-11e9-81d2-f785092ab560

People over-estimate China grossly. Lastly, do you think that only Chinese can play this game?

This is a typical selective report by west... Why you don't dare to post electric car sales of Nio, BYD and Geely? Those bankrupt are just small player which is insignificant.

 

[BringHarmony]

This is a typical selective report by west... Why you don't dare to post electric car sales of Nio, BYD and Geely? Those bankrupt are just small player which is insignificant.

I will oblige you, even though you are a Chinese.

https://www.nextbigfuture.com/2019/10/china-electric-car-maker-nio-is-near-bankruptcy.html
China Electric Car Maker Nio is Near Bankruptcy
https://www.scmp.com/tech/big-tech/...es-chinas-tesla-challenger-nio-fights-survive

Shanghai-based Nio is poised to report on Tuesday that it lost around US$4 million a day during the second quarter

Difference with Tesla is this :

Telsa's stocks price jumped about $45 to nearly $300 after Musk's company reported late on Wednesday that the company had turned a profit in the third quarter of $342 million. Analysts had been expecting the company to lose $72 million

Monkeys can never copy enough to become humans.


BTW, BYD and Geelee are not even worth comparing. They are producing non-electric vehicles too.

Chinese electric vehicles. Dont make me laugh. Its like driving a car which crashes ten times in 10 kilometre. They are cheap so you can buy 10 cars. Too bad, you cann't buy 10 legs when your first Made in China car crashes.

 

[Beast]

I will oblige you, even though you are a Chinese.

https://www.nextbigfuture.com/2019/10/china-electric-car-maker-nio-is-near-bankruptcy.html
China Electric Car Maker Nio is Near Bankruptcy
https://www.scmp.com/tech/big-tech/...es-chinas-tesla-challenger-nio-fights-survive


Difference with Tesla is this :


Monkeys can never copy enough to become humans.


BTW, BYD and Geelee are not even worth comparing. They are producing non-electric vehicles too.

Chinese electric vehicles. Dont make me laugh. Its like driving a car which crashes ten times in 10 kilometre. They are cheap so you can buy 10 cars. Too bad, you cann't buy 10 legs when your first Made in China car crashes.

Seriously, don't just randomly pick an Tom dick Harry article and think you are smart...

https://www.techcrunch.com/2019/10/...ng-quarters-chinese-ev-maker-nios-sales-surge

BTW, Nio main investor is tencent. Their owner is one of China top 2 richest Chinese. Their funds is almost unlimited. Your article only looks at book balance but never in depth of who is the owner and their future outlook. Tesla started as non profitable for almost 10years and see how that are heading now?

 

[Hamartia Antidote]

Without access to the Chinese market Elon would have been crushed like a bug. But once he's served his purpose - spurring Chinese NEV manufacturers to step up their game - he's going to get crushed anyway.

Why should Chinese car companies be finally stepping up their game? Companies like BYD promised the world an all-electric 4 door passenger car to be available in 2009. It never happened. Meanwhile Tesla was basically a few guys modifying Lotus cars in a garage in 2009. They stepped up THEIR game and have been selling cars around the world since around 2013.

Now look how established Chinese corporations like BYD (who also has made batteries since the 1990’s) due to tech inadequacy dropped the ball to a guy who was once building cars out of a garage. It’s mind blowing.

https://www.theverge.com/2019/2/22/18236707/tesla-model-3-2018-best-selling-ev-global
Tesla’s Model 3 was the best-selling EV in the world last year

 

[BringHarmony]

Seriously, don't just randomly pick an Tom dick Harry article and think you are smart...

Is SCMP is a random article, then God help you.

BTW, Nio main investor is tencent. Their owner is one of China top 2 richest Chinese. Their funds is almost unlimited. Your article only looks at book balance but never in depth of who is the owner and their future outlook. Tesla started as non profitable for almost 10years and see how that are heading now?

Then Tencent is losing money on it, massively. Anyways, a fool and his money is parted soon.

BTW, Tesla already had a good profit in third quarter.

Why should Chinese car companies be finally stepping up their game? Companies like BYD promised the world an all-electric 4 door passenger car to be available in 2009. It never happened. Meanwhile Tesla was basically a few guys modifying Lotus cars in a garage in 2009. They stepped up THEIR game and have been selling cars around the world since around 2013.

Now look how established Chinese corporations like BYD (who also has made batteries since the 1990’s) due to tech inadequacy dropped the ball to a guy who was once building cars out of a garage. It’s mind blowing.

https://www.theverge.com/2019/2/22/18236707/tesla-model-3-2018-best-selling-ev-global
Tesla’s Model 3 was the best-selling EV in the world last year

Leave it, you are talking to a bunch of ChiComs.