A crowd-sourced social media swarm that is betting Tesla will crash

One contributor, whose Twitter handle is TeslaCharts, assembles collected data to offer graphical representations of Tesla’s own reports and $TslaQ’s findings.And some do reconnaissance, posting photos and videos of Tesla storage lots, distribution centers, even the company’s Fremont assembly plant as seen from above.A major aim is to change the mind of Tesla stock bulls and the media. And on Aug. 7, Musk issued his infamous “420” tweet, in which he claimed he had “funding secured” to take Tesla private at a premium price — $420 a share.Some short sellers got burned as the stock price immediately rose by nearly 13%. Elon Musk (@elonmusk) October 4, 2018 The short thesis gained traction last week when Tesla announced a dramatic drop in deliveries in the year’s first quarter — Model 3 deliveries fell 19% from the previous quarter, and older Models S and X models tumbled 56%.

Source: www.latimes.com