Submitted by kimkoh t3_10pjll6 in wallstreetbets
ChampionshipLow8541 t1_j6meu8f wrote
Reply to comment by kimkoh in Let Chanos feel the pain too. by kimkoh
What makes you think it’s one specific point?
kimkoh OP t1_j6nazwx wrote
None. I’m not sure. Guessing what will cause the pain to start and snowball the short covering.
ChampionshipLow8541 t1_j6no5jd wrote
It’s a continuum, just like people’s buy-in prices. And it depends on how much ability you have to wait it out (and they have A LOT). The only thing that would cause a panic imho is if the whole market started a strong and sustained recovery, and they‘d feel that Tesla would be washed up with it, even if the performance started to deteriorate. And it will deteriorate. But if the weak market continues for one or two more quarters, bad news about Tesla will eventually come out and there will be no general momentum to stop the drop.
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