I would assume he is shorting it because of its extreme valuation and currently there is relatively a lack of competition. With major manufacturers coming out saying they will be all electric in the coming years, it looks like their market share will get eaten away in a big way. So I see it being bad for Telsa, but not for the EV industry. But thats just my opinion.
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65.0¢ |
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| Open | High | Low | Value | Volume |
| 67.0¢ | 67.5¢ | 64.5¢ | $6.377M | 9.737M |
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| No. | Vol. | Price($) |
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| 2 | 19866 | 65.0¢ |
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| Price($) | Vol. | No. |
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| 65.5¢ | 36467 | 1 |
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