Breaking Finance News

BREAKING- Citron Research Adding to Tesla Short Position (TSLA)

In a tweet today, Citron Research said that it was adding to its Tesla (NASDAQ: TSLA) short position.

Tesla (NASDAQ: TSLA) reported better than expected earnings which sent the stock up 17 percent on Thursday. Year to date, Tesla is up more than 279 percent after the company received rave reviews in Consumer Reports and reported profitability this year.

As the stock has ran up without hardly any profit taking on the part of investors, some have come out saying that regardless of the fundamentals, the stock cannot continue on this trajectory. Citron Research, a firm that has made a positive reputation for itself among retail traders primarily on Seeking Alpha, has come out against the stock. In a July 30 tweet, it said:

 

Today, it said it was adding to the short position:

See the following stories from yesterday regarding Tesla Earnings:

Notable Quotes From The Tesla Conference Call

What is the Hyperloop that Elon Musk is Talking About?

[stock-tools exchange="NASDAQ" symbol="TSLA" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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3 Comments

  1. Sharon Nelson

    August 8, 2013 at 2:49 pm

    Why would anyone listen to a criminal.

    • Tim Parker

      August 8, 2013 at 3:59 pm

      Can you elaborate?

    • Greg Turman

      August 10, 2013 at 10:26 pm

      You haven’t so much as a clue D/F what your talking about …. This guy is a genius at uncovering miss managed cookedbook companies an scams that are about to unravel. Do your history on this guy an his work , an look in the mirror at yourself befor calling him a criminal ….