4 ms·
This is what caused Tesla to dip so much yesterday? https://www.google.com/finance?q=NASDAQ%3ATSLA https://www.google.com/finance?q=NASDAQ%3ATSLA
by rplnt 10y ago
This is what caused Tesla to dip so much yesterday?
https://www.google.com/finance?q=NASDAQ%3ATSLA https://www.google.com/finance?q=NASDAQ%3ATSLA
- marincounty 10y ago"We don’t know if Mr. Niedermayer’s motivation is simply to set a world record for axe-grinding or whether he or his associates have something financial to gain by negatively affecting Tesla’s stock price, but it is important to highlight that there are several billion dollars in short sale bets against Tesla. This means that there is a strong financial incentive to greatly amplify minor issues and to create false issues from whole cloth." They really have it out for Niedermayer? Or, Niedermayer is is really playing the system? Personally, I wouldn't make these claims unless I had proof.
- LeonM 10y agoI'm no expert on the subject, but unless something else happened at Tesla yesterday, this was indeed what caused the dip. About a year ago a youtube video popped up of a Tesla caught fire after it hit a metal object which pierced the battery pack. The stocks immediately plummeted, even though car fires are a common thing. Like the article states, it is likely the negative news story was fabricated to drive prices down, to gain profit for those selling short on tesla stocks.
- awesomerobot 10y agoTesla stock is absurdly fickle.