Breaking Finance News

BREAKING- Citron Research Says to Short Tesla Via Twitter (TSLA)

Citron Research posted the following note on twitter early Tuesday:

Citron has become a respected name, primarily through its Seeking Alpha articles that have proven to be well-researched. The tweet points to an article posted on Time that says that the new BMW i3 may be the most popular electric car to date. This may impact, Tesla (NASDAQ: TSLA) since the current valuation doesn’t take into account formidable competition.

Others don’t agree. Some believe that with an electric car market that’s in its infancy, more competition brings the product into the mainstream and will help all manufacturers–much like the cell phone market when it was new.

[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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