Citron Research, has since long shorted Tesla’s stock. Wonder what has trigerred this change in its strategy. How did Musk make Tesla’s stock expensive for short sellers? Million dollar question.
Citron Research Founder Andrew Left stated, he no longer holds a long or a short position on on Tesla Inc.
He said, he was disappointed with the way Tesla communicates with its shareholders. He opined that Elon Musk, Tesla’s CEO probably has too much on his plate.
“I do not believe the company is insolvent although I do believe they need to raise money,” said Left said while adding that he would buy the stock at an appropriate time.
In October 2018, short-seller Citron Research, a long-time critic of Tesla, had said, it has had a change of heart and was betting on Tesla’s stock to touch $320.