Holy freakin christ I hope nobody on here actually shorted Tesla…they were up to $961/share at 3:30 today!
From a low of $178/share on June 3, 2019!
What rational reason can there be for that?
Sure they showed a profit and it looks like the tide may be turning for them, but let’s get real here!
I think the most logical explanation is that the short sellers were forced into a “short squeeze” corner where they all had to buy stocks at the same time to cover the shares they borrowed last summer…and that is causing the price to jump.
Bet it comes down over the next few weeks.
Man some folks got burned very very badly on this.
If only I’d been brave enough to put all my cash in buying stock at $178. But you know what? I would have sold way before now anyway. Mind games!