179 million shares changed hands in overnight Tesla Trade
fact - average volume for past 3 months - 100 million
fact - shorts at highest percentage in 3 years
results were shit, outlook was great - Elon is a show pony - doesn’t always deliver on what he says
but what he said was enough to have some shorts cover, hence you saw huge volumes - I was watching last night, in 2 hours of trade 100 million shares changed hands - wow
this is the part I don’t like - ALB & SQM were considered beneficiaries in the rise and fall of Tesla - over the months as TSLA fell, ALB fell - last night TSLA went up, ALB was down most of the time apart from in the end - I have no idea what the lithium space needs to get rid of these shorts
Tiangi/Gianfeng - yesterday they got hammered - Tianqi was down 17% at one point due to reporting a huge loss. Is there lithium production too expensive? Should they consider reducing their lithium production. Tianqi is an industry leader, if they are having such issues, imagine the smaller players - something has to give at some point
Good News & Bad News, page-42198
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$2.79 |
Change
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Mkt cap ! $8.398B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 43 | 231594 | $2.79 |
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