$Tesla (TSLA.US)$ Today, TSLA reached 436, and I took profit...
$Tesla (TSLA.US)$ Today, TSLA reached 436, and I took profits on a portion of my holdings. After reaching 436, it quickly dropped again, possibly due to news released earlier by Michael Burry about preparing to target TSLA. Following NVDA, the prominent short seller Michael Burry has now set his sights on TSLA. Therefore, this time we need to exercise greater caution and avoid adding positions casually unless it falls below 400, nearing the 380 range, at which point we would consider adding more. The current movement of TSLA is not fundamentally driven by issues with its fundamentals but rather by sentiment-driven declines. However, it has not yet reached panic levels, and there is more of a wait-and-see attitude.
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75370269 : He himself has already denied the rumors.
MiAnYo : burry dare not short Tsla himself. this can go both ways 10 bucks easy.
Paper Hand : I believe he may have simply shifted his target to ease the awkwardness; when he closes out his short position, he might not announce it to the entire world. These theories are clearly being put forward just to capitalize on the situation.
A price range of $360–$380 is a common target for entering TSLA. It would be wise to accumulate shares in batches; otherwise, the price everyone is waiting for will likely never be reached—others have anticipated your expectations, so it won’t fall to that level.