Chicken Little has ended his short Tesla campaign. The campaign started on November 19, 2018 at $364/share (click for article). It ended last week by being stopped out at $220/sh.
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| Tesla stock has cratered |
Tesla is one of the worst performing stocks in the S&P this year. Chicken Little continues to believe in the bear case that Tesla will never generate sustainably high profits. Consequently, the financial markets will eventually cut Tesla off from access to capital.
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| Chicken Little has ended his short campaign on Tesla |
Why close the position? Having a big position in one stock is very risky. The market has caught up with Chicken Little's view, and it is time to move on.
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