Below is a brief note from CEO Keith McCullough on why we're adding Tesla (TSLA) back to the short side of Investing Ideas today:
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We obviously don't like to come into "event" risk days on Tesla (TSLA) short it after it's under-performed into that event. This is a high short interest SELL idea that needs to be risk managed. Up +10% because the founder said sorry to some journos and continues to tell a story we think is littered with manufacturing and margin risks heading into 2019, sold to whoever wants to chase it here (with no apologies). Jay Van Sciver remains the only public bear to have timed this right to begin with. He reiterated his Bearish @Hedgeye TAIL risk view on this morning’s Macro Show @HedgeyeTV. KM |
Click here to read Industrials analyst Jay Van Sciver's original stock report on Tesla.
