Tesla stock (TSLA) has been on a rollercoaster ride over the past few months, hitting all-time highs in January and then plummeting down to historic lows in March. Now, it looks like another player is entering the fray: short-seller Citron Research. Citron Research has just announced that it’s taking a short position on Tesla stock, making it the latest investor to bet against Elon Musk’s electric car company. In this blog post, we’ll explore why this could be bad news for Tesla and what impact it might have on its stock price in the near future.
Who is the new short seller?
The new short seller is a hedge fund called ARK Invest. ARK Invest is run by Cathie Wood, who is known for her bullishness on Tesla.
What does this mean for Tesla stock?
Tesla stock has been on a roller coaster ride over the past few months, and it looks like it’s about to take another dip.
A new short seller has surfaced, and they are betting that Tesla stock will continue to fall. This could have a big impact on the stock price in the coming days and weeks.
If you’re holding Tesla stock, or considering buying it, you need to be aware of this new development. Watch the stock closely and be ready to sell if it starts to drop too much.
Tesla’s history with short sellers
The history of Tesla’s stock is one marked by volatility and, more recently, by a new short seller.
In the early days of Tesla, the company was plagued by production delays and quality issues with its vehicles. This led to a lot of skepticism from investors and, as a result, Tesla’s stock was highly volatile.
In recent years, Tesla has turned things around and has become one of the most successful automakers in the world. However, this success has come at a cost: Tesla’s stock is now one of the most heavily shorted on Wall Street.
This means that there are a lot of investors betting against Tesla’s success. And, given Tesla’s history of volatility, it’s not surprising that some investors are feeling bearish about the company’s future.