Tesla Short Seller Admidts He Was Wrong In His Stance But Is Still Suing Company

Andrew Left of Citron Research, a long-time vocal Tesla short seller who is currently suing the automaker, announced a change of heart about Tesla and even announced a long position on the stock (TSLA).

It comes when Tesla is just about to release its third quarter financial results.

Left initiated a short position on Tesla at $180 two years ago and paid for it. Like the SEC, he even sued Tesla and Elon Musk over the former comments about securing funding for a take-private deal.

Now the sort seller admits that he was wrong about competition catching up to Tesla – though he continues to sue the company.

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mre30 - 10/23/2018 3:47:33 PM

+3 Boost

Thank goodness for the existence of www.electrek.co !

Just when I am about to post something about how poorly run/poorly capitalized/poorly built/deceptively marketed/non-compliant with SEC regulations Tesla appears to be, I read a rosy "electrek.co" story and all is good in the world.

SanJoseDriver - 10/24/2018 5:48:51 PM

+2 Boost

Ignorant comment. Tesla posted a profit a couple years ago, but will now be profitable going forward. Sorry, Tesla wins, you lose.

http://ir.tesla.com/static-files/725970e6-eda5-47ab-96e1-422d4045f799