Since March this year, Tesla has become a special column in almost the entire column. It must be on the list every week and it is big news every week. After nearly half a year of skyrocketing gains, Tesla has finally run out of steam.

Last week, on the day after Tesla’s share price split, when the leeks plunged into this money-sucking monster with confidence, their style immediately changed. Tesla changed its previous rapid momentum and fell directly from the cliff without waiting for a day.

On September 1, Eastern Time, Tesla’s stock price fell 4.67%. When most people were still immersed in the self-comfort of normal adjustment, Tesla gave the leeks another wake-up call. On September 2, Tesla's stock price dropped rapidly after the market opened, with the drop even exceeding 15% at one point, setting a record for the largest drop in five months. As of the close, Tesla's stock price was at US$447.37, a decrease of 5.83%. The latest market value was US$416.9 billion, an evaporation of US$26 billion from the previous day.

And this is just the beginning. As of the close of the U.S. stock market on September 8, Tesla’s stock price plummeted 21.06% to US$330.21. Its market value has shrunk by approximately US$80 billion from the highest point of the stock price, setting the largest value since its listing. Single day drop. Speculators are waking up from a dream.

Nasdaq Meat Grinder

From the stock market trend chart, we can also see how Tesla has been flying in the past six months. Faced with the dual pressures of the epidemic and the downturn in the automobile consumer market, this automobile company or technology company with annual sales of only hundreds of thousands of vehicles has shown a completely opposite trend and is unconditionally optimistic by the leeks.

Tesla’s stock price broke historical records, Tesla’s market value surpassed General Motors Toyota, and Musk ranked among the top three richest people with down payments... When LeTV once clamored to subvert everything, Tesla was heavily in debt and on the verge of bankruptcy . In the blink of an eye, the loser at that time has become a well-deserved disruptor. Musk is on the rich list while Jia Yueting is banned from the securities market for life.

In reality, Tesla is a car company and an automobile giant, but on the LED panel of Nasdaq, Tesla is just a handicap in the casino. Unlike other small scenes that no one cares about, Tesla is surrounded by layers of gamblers like moths.

Buy big or small, bullish or bearish. Those who are waiting for the price to rise will bet on the fall. Short sellers are always the most extreme gamblers.

Currently, Tesla is the largest short-selling stock in the world, with short positions reaching US$24.4 billion and 59.93 million shares short, accounting for 8.09% of its total outstanding shares. Tesla's stock lending fee is only 0.30%, which is almost the cheapest stock with a lending rate. You can still take a chance if you don't have money to bet your name on it.

What the short sellers didn’t expect was that from January to August this year, Tesla’s stock price rose by a cumulative 496%. Taking the longer term, Tesla’s stock price soared 1,400% in 14 months. In terms of market value, Tesla short sellers have lost at least $24.5 billion.

Under the crazy crushing of Tesla’s meat grinder, the short-selling group was littered with corpses for a while. S3Partners analyst Igor Dusanievsky said short sellers have covered $12.6 billion worth of Tesla stock since it fell below $200 last June. of stocks.

Since the beginning of August, short selling of Tesla stock has been relatively stable, with the number of short shares increasing by "only" 200,000 shares worth $76 million. While this is a sizable short trade for a "normal" stock, it's still minuscule compared to Tesla's year-to-date short covering of 71.4 million shares.

On August 11, Tesla announced that it would split its stock price. As of the day of the split, Tesla’s stock price had risen by another 60%, and this was its all-time high. The short sellers were finally waiting. Got the chance.

Since Tesla’s stock price fell in September, short-seller profits have reached US$7.1 billion.

The leeks who actively entered the market with bullish pursuit of high prices became the targets of another wave of harvest.

Who is cutting Tesla’s leeks

After Tesla’s market value shrank by US$82 billion on September 8, Tesla’s stock price violently pulled up again on September 9. rose, soaring 10.92%, and the market value increased by more than 30 billion US dollars.

Tesla has completely become a Shura field. Only by being cruel to yourself can you stand here to the end. But on this road to death and getting rich, many more victims have fallen one after another. Who cut off these leeks?

September 2 was the craziest day of Tesla’s plunge. Some media broke the news that Tesla’s largest external shareholder, Baillie Gifford, a Scottish investment fund who has been with Tesla for seven years, has reduced its holdings in Tesla.

Documents from the U.S. Securities and Exchange Commission (SEC) show that Baillie Gifford currently only holds 4.25% of Tesla’s shares, down from the previous 6.32%. From the highest holding of 7.67% in February this year to 6.32% in June, and now 4.25% of the shares. Based on Tesla's stock price of more than $440 as of Wednesday, Baillie Gifford sold nearly $1.9 billion.