Tesla stock skyrockets after legendary short seller goes long
Citron Research, a noted Tesla short seller for the last few years, flipped and went long.
The publicity of Tesla short sellers is noted. They received a lot of attention simply because they include many notable automobile names.
Citron, itself, predicted a $100 price on Tesla.
The reason for the flip: Tesla Model 3 a resounding success.
In its Tuesday note, however, Citron said that while “the media has been focused on Elon Musk’s eccentric, outlandish and at times offensive behavior, it has failed to notice the legitimate disruption of the auto industry that is currently being DOMINATED by Tesla,” using all caps.
This led to a rally in the stock price of over 10%. On Monday, the company (Tesla) announced that it moved the earnings call to Wednesday from early November.
That move also caused speculation that they know their quarter is going to be a blow out to the upside.
Click on image to read full article.
Paid votes incoming! #InB4DaVotes
Wow you must have superpowers. I think you can predict things. You are scary. 👻
Posted using Partiko Android
Damn right I am. I am magical!
You got a 58.34% upvote from @emperorofnaps courtesy of @steemium!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
Great post!
Thanks for tasting the eden!
People almost always underestimate Musk's ability to succeed! I'm not surprised one bit that Tesla is doing quite well!
You got a 77.16% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
This post has received a 60.45 % upvote from @boomerang.
Because of crypto market. Thanks for this post.
You got a 45.92% upvote from @booster courtesy of @steemium!
NEW FEATURE:
You can earn a passive income from our service by delegating your stake in SteemPower to @booster. We'll be sharing 100% Liquid tokens automatically between all our delegators every time a wallet has accumulated 1K STEEM or SBD.
Quick Delegation: 1000| 2500 | 5000 | 10000 | 20000 | 50000
You got a 56.96% upvote from @upmewhale courtesy of @steemium!
Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
You got a 58.78% upvote from @oceanwhale courtesy of @steemium! Earn 100% earning payout by delegating SP to @oceanwhale. Visit www.OceanWhaleBot.com for details!