TSLA
Tesla
-- 355.840 NVDA
NVIDIA
-- 138.850 INTC
Intel
-- 23.600 NBIS
NEBIUS
-- 44.490 PLTR
Palantir
-- 119.160 
Hedge funds shorting Elon Musk’s Tesla just lost more than USD 5.2 billion
$Tesla (TSLA.US)$ $BYD COMPANY (01211.HK)$ $NIO Inc (NIO.US)$ $XPeng (XPEV.US)$ Hedge funds that had short positions against Tesla between election day and Nov 8’s close took an on-paper hit of at least US$5.2 billion (S$6.9 billion), according to Bloomberg calculations based on data compiled by S3 Partners.
Tesla shares have shot up nearly 30 per cent since the Nov 5 election, adding more than US$200 billion to its market value. Against that backdrop, hedge funds that had previously built short bets against the company have since rushed to reverse course.
My Take:
I have warned in my previous post not to short sell this stock because there are too many reasons for Tesla to be bullish. Read here:
Someone is still giving false hope that the stock will go back to $270 soon by using his self-made TA chart. If you have been sharing negative articles about Tesla frequently, chances of making errors in predicting the share price due to confirmation bias is very high.
Source:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Stellantis NV (STLA.US)$
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ZnWC
Moo Contributor
I reflect trading experience by writing journals. My posts and comments are for education purpose not financial advice.
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J91 : Still need to hold or sell?
ZnWC OP J91 : It depends on your holding power and risk appetite. It is illegal to give financial advice here.
维尼习习 : exciting times
ZnWC OP 维尼习习 : Anxiety time for short sellers and worse if you are leveraging and at risk of margin call.
ZnWC OP : Someone is trying to mislead you into thinking that confirmation bias is not for the one who created the TA chart. The article below clearly stated that it is referring to the person who draws the lines on the chart and interprets them. Common sense will tell you that those who "read" the TA chart" will follow what the person drew and commented.
Technical analysis Wedge Pattern and MACD Indicator Limitations
https://www.moomoo.com/community/feed/111141692768262?share_code=00WbLN
ZnWC OP : It is laughable![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
that someone is comparing weather forecast to him drawing line on a TA chart to predict a stock price. The former is done by professional with sound model and computation power. The latter is someone who is just an amateur and very (negatively) biased on a stock. There is very high chance he will make an error in predicting the price due to confirmation bias.
There are professionals known as financial analysts and advisors who use TA charts and models to predict target price accurately but this someone is NOT one of them.
ZnWC OP : It is very funny to see someone commented "Tesla rapidly fall from 350" and "Tesla fell from 258 to 245". If you compared what the stock has achieved for the past one month as shown in the article below, any traders will tell the price seems hardly moves at all.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
$Tesla (TSLA.US)$ closed today at 350.315 +9.06% The other 5 magnificient seven stocks are in the red and Alphabet gain just 1%. The stock rapidly falling? Or just another of your confirmation bias (negative) comment
6 interesting facts about Tesla stock performance today
https://www.moomoo.com/community/feed/113465010553238?share_code=01A6Ht
ZnWC OP : Once again it proves that someone is a die hard Tesla hater. He quoted an article from Electrek posted on 28 October 2024 titled "Insiders sell Tesla shares" today. The article is 2 weeks old and sharing it now the sole purpose is to spread FUD. It is laughable
because many traders would have digested the info by now.
Further I have commented previously that the writer, Fred Lambert is famous in writing "negative opinion" articles about Tesla which haters like to share. Read more from the links below:
Tesla Autopilot Director shares HW3 has similar performance as HW4 on FSD V12.5
https://www.moomoo.com/community/feed/113012221018518?share_code=01A6YY
Boring Company to start using Tesla’s FSD in Las Vegas tunnels by end 2024
https://www.moomoo.com/community/feed/113037914865674?share_code=01A6Ym
ZnWC OP : I was amused![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
when someone commented "I knew TSLA would sold down" last night. Any traders with basic knowledge knew that it was only a matter of time, a pullback would come when $Tesla (TSLA.US)$ rose more than 35% for the last 5 days.
This someone still keeps quiet about his self-made TA chart predicting the stock will go down to below 200 not long ago. He is still digging negative information about Tesla and Musk daily to justify his bearish stand is right. In fact someone who frequently posts negative views about a stock will always make errors due to confirmation bias when he drew and interpreted a TA chart to predict the stock TP.
As a hardcore Tesla hater, he will not tell you the stock has risen almost 50% in 1 month and +32% YTD.
ZnWC OP : Only Tesla haters will give such biased concept about "non-bull". They are emotional stress when the stock rose 49% in 1 month. You can identify them easily by reading the negative posts made about the stock and the company daily.
For some reason, they also hate Elon Musk and the companies owned by him like SpaceX and Neuralink. You can identify them who quote negative articles about Elon Musk and his companies daily.
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