How 'white savior' films like 'The Help' and 'Green Book' hurt Hollywood, 'No longer a stock but a full casino': Palantir will lose one-third of its value by year-end after surging more than 300% since going public, short-seller Citron Research says », Pennsylvania Lt. Gov. I wouldn't do that. He breaks down the trio of forces that has him bullish on stocks - and lays out a 'home run' trade he's making right now. “The guy specializes in pulling rabbits out of the hat.”. Tesla has experienced a meteoric rise so far in 2020, and investors betting against the company have been in a world of hurt. I wouldn’t do that.”. Tesla short-sellers have lost around $18 billion on the stock so far in 2020. Muddy Waters Capital founder Carson Block believes it is not the time to short Tesla (NASDAQ:TSLA). Carson Block is a short-seller, investor and the founder of Muddy Waters Research. Even as individual investors buy at a frenzied pace, the value of wagers against the stock has swelled to nearly $20 billion. On Monday, nearly 40,000 Robinhood traders bought shares of Tesla in just four hours. Short it at your own risk. I write about companies, ethics, markets, politics and business. “It’s one thing to bet on Elon Musk, but it’s another thing to bet against him,” Block said. Block quipped, "We used to joke that Tesla, when it files for bankruptcy, will probably have a $30 billion market cap. 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Block, the longtime Musk critic and short-selling founder of Muddy Waters Capital LLC, said on Wednesday that he doesn’t have any bearish wagers against Tesla even though he thinks the business is unsustainable. That's why famed short-seller thanked God after saying that he's not short shares of Tesla in an interview with Bloomberg on Wednesday. 40,000 Robinhood traders bought shares of Tesla in just four hours, BANK OF AMERICA: Buy these 14 stocks that are likely winners in the pandemic — and may benefit from the biggest trends that will define the future. The world’s best known short seller says Tesla traders are feeding on testosterone. Carson Block and Elon Musk can agree on at least one thing: betting against Tesla Inc.’s stock is a bad idea. Investors are now extrapolating a strong second quarter delivery number to the possibility that Tesla may report a profitable second quarter when it reports earnings next week. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). Missing BloombergQuint's WhatsApp service? Tesla’s more than 300% surge since mid-March has captivated bulls while baffling skeptics who say the electric vehicle maker is grossly overpriced. Tesla’s momentum has been rising rapidly in recent weeks; over 450,000 Robinhood users hold the stock. Carson Block Warns Tesla Short Sellers: ‘I Wouldn’t Do That’ Michael Patterson; Bookmark. it will become eligible to be included in the S&P 500 index. If Tesla reports a profitable second quarter, it will become eligible to be included in the S&P 500 index. Early life and career. Short it at your own risk. Key Japanese Lawmaker Says Third Extra Budget May Not Be Las... EM Review: Vaccine Hopes, Biden Transition Boost Risk Appeti... Goldilocks Year Awaits Emerging Markets Defying Pandemic Rou... Australia Central Bank Seen Holding After Success of QE Driv... Turkish Economy Likely Outperformed Most Peers at Lira’s Exp... Biden Has Republican Powell as Ally in Bid to Lift Labor’s C... Payrolls in U.S. Set to Tread Higher in Pandemic Slog: Eco W... Merkel Rallies Germans; Wuhan Finds Infected Food: Virus Upd... BOE’s Haldane Says QE Size Challenges Central Bank Independe... UAE to Grant Citizens $2 Billion in Homes, Land, Mortgages, Carson Block: “Short it at your own risk. Elon Musk isn't being held accountable for his "mistruths," and the Tesla CEO should list his company's shares in Germany where regulations are loose, short-seller Carson Block says. A A. Carson Block and Elon Musk can agree on at least one thing: betting against Tesla Inc.’s stock is a bad idea. Block, the longtime Musk critic and short-selling founder of Muddy Waters Capital … Block concluded, "It's one thing to bet on Elon Musk, but it's another thing to bet against him. Carson Block and Elon Musk can agree on at least one thing: betting against Tesla Inc.’s stock is a bad idea. Made In NYC |
Some analysts seem to agree with Block. Famed short-seller Carson Block thanked God after saying that he's not short shares of Tesla in an interview with Bloomberg on Wednesday. Carson Block, an outspoken critic of Tesla and Elon Musk, believes it is the wrong time to short TSLA. The guy specializes in pulling rabbits out of the hat.". Carson Block's stories. He also gives us his take on Tesla. Key Points Elon Musk isn’t being held accountable for his “mistruths,” short-seller Carson Block says. Carson Block and Elon Musk can agree on at least one thing: betting against Tesla Inc. ’s stock is a bad idea. Disclaimer |
Jul 16 2020, 9:14 AM Jul 17 2020, 8:27 PM July 16 2020, 9:14 AM July 17 2020, 8:27 PM (Bloomberg) -- Carson Block and Elon Musk can agree on at least one thing: betting against Tesla Inc.’s stock is a bad idea. In recent comments, noted Tesla bear Carson Block admitted that he is no longer shorting TSLA, simply because it is far too dangerous to go against Musk and his EV company. Read more: Paul Andreola has a long track record of finding tiny stocks that deliver 10-times returns. Have a confidential tip for our reporters? Paul Andreola has a long track record of finding tiny stocks that deliver 10-times returns. I wouldn’t do that.”. Some skeptics say that TSLA still lacks enough fundamental factors to justify its current valuation. Bill Miller's record-setting fund beat the market for 15 straight years. Block has been a long-time critic of Tesla CEO Elon Musk, and added that although he's not currently short shares of the EV company, he still thinks the underlying business is unsustainable, according to the interview. He breaks down the trio of forces that has him bullish on stocks - and lays out a 'home run' trade he's making right now. It now trades at 182 times estimated 12-month earnings, versus 10 times for General Motors Co. Block said at one point he had a Tesla position that involved buying the company’s convertible bonds and using the coupon payments to fund long-dated put options on the stock, but he eventually sold the debt and let the puts expire. Read more: Bill Miller's record-setting fund beat the market for 15 straight years. Carson Block and Elon Musk can agree on at least one thing: betting against Tesla Inc.’s stock is a bad idea. Block, the longtime Musk critic and short-selling founder of Muddy Waters Capital LLC, said on Wednesday that he doesn’t have any bearish wagers against Tesla … “I’m not short the stock, thank God,” Block said in an interview with Bloomberg’s Tracy Alloway and Joe Weisenthal on the Odd Lots podcast. OPEC Faces Seismic Demand Split as Cartel Plots Next Move, Zappos Founder Tony Hsieh Dies at 46; Bezos Mourns Untimely Loss, Hong Kong Suspends Classes; South Korea Measures: Virus Update, Tesla FOMO Fires Up Wall Street’s $300 Billion Custom-Index Boom, Trump Nominates a Top Bank Regulator as Biden Starts Transition.
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