Tesla is expanding operations in Europe and China. As Tesla races towards $1000 per share short sellers are becoming worried.
Many short sellers have wagered their entire careers on Tesla failing. Tesla is now the most valuable car company in the world by stock valuation. Tesla’s Growth doesn’t seem to be slowing either. Tesla Bulls predict that Tesla will reach over $10,000 per share.
The Tesla bulls have always been a bit too bullish for me however, they are always right. Tesla is following the Apple model of being a market mover. This strategy has proven wildly profitable for Apple who sells phones with a markup of ten times what a similar phone from Samsung would cost.