Tesla shorts still hold (for now)

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<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Tesla Inc (NASDAQ: TSLA) The stock rose 3% on Friday after the company reported better-than-expected delivery numbers in the fourth quarter. The stock of electric vehicles has increased by 99% in the past six months, but Tesla short sellers still don't seem to be convinced that the rally will last. "Data reactid =" 18 ">Tesla Inc (NASDAQ: TSLA) shares gained 3% on Friday after the company reported better than expected delivery figures in the fourth quarter. The stock of electric vehicles has increased by 99% in the past six months, but Tesla short sellers still don't seem to be convinced that the rally will last.

The payment

Tesla reported 112,000 vehicle deliveries in the fourth quarter, exceeding the consensus analyst estimates of 106,000 vehicles. For the full year, Tesla delivered 367,500 vehicles in 2019, an increase of 50% compared to 2018. The 367,500 deliveries were at the lower end of the range of 360,000 to 400,000 deliveries set for 2019.

On Friday, S3 Partners analyst Ihor Dusaniwsky announced that Tesla still held 27.64 million shares, a position valued at around $ 11.89 billion. This short stake accounts for approximately 20.6% of Tesla's free float.

Shorts respond

In the past 30 days, Dusaniwsky announced that Tesla's short interest only fell by 920,000 shares, or around 3.2%. Last week, however, Dusaniwsky announced that Tesla's short sellers had added 240,000 net shares before the delivery number.

Overall, Tesla short sellers suffered net losses of $ 2.92 billion in 2019 and, according to Dusaniwsky, have already dropped by around $ 330,000 in 2020.

Currently, Dusaniwsky said he sees no signs of a short-term shortage in Tesla, but that could change if the stock continues to recover.

"We have had some incremental short sales recently in Tesla. The short sales do not plunge deep, but adjust their positions daily," he wrote.

Gasoline gas take

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tesla has always been an extremely volatile title the Tesla bulls on the profit side of the trade: the share gained 44.2% overall, surpassed the plus of the S & P 500 by 29.2% and did roughly with the plus of 49.6% by Technology Select Sector SPDR Fund (NYSE: XLK) in these times. "data-reactid =" 29 "> Tesla has been an extremely volatile stock since it went public in 2010. Last year, the Tesla bulls were on the winning side. The stock rose 44.2% overall, more than the S&P 500 with an increase of 29.2% and roughly the same performance as the S & P 500 with an increase of 49.6% Technology Select Sector SPDR Fund (NYSE: XLK) at that time.

Tesla's stock was trading at around $ 444.40 per share at the time of publication.

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Latest TSLA ratings

date firm action Of To
January 2020 Entertains to buy
December 2019 Entertains underperform
December 2019 Entertains Neutral

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