Trading Tesla’s stock can be a daunting task.
For bulls, it can be difficult to stay the course amid countless negative headlines. Whether that means stark tales of the company’s torrid cash burn or horror stories from the production line, defending a long Tesla position can be a daunting task.
Not to mention the ever-present short sellers nipping at the heels of the long trade — a group so convinced of Tesla’s imminent demise that it has made it the most shorted company in the US market for much of the past 18 months.
Speaking of bears, they have to grapple with a stock that has managed to wiggle out of trouble time and time again, their shorts bearing the brunt of those gains. Not to mention CEO Elon Musk seems hell-bent on destroying them. Heck, he’s even ponied up millions of his own dollars to punish them.