New figures show that mining investors’ investment in electric car maker Tesla is higher than any other US stock.
According to S3 Partners, the shortage of stocks in Tesla increased by 28% last month to reach US$ 10.7 billion. According to FactSet data, Tesla’s current stock ratio exceeds 25%.
“Tesla, which was recently short of Apple stocks over US stocks, has returned to the top of the rankings. This is a position that has been held since March 2016,” writes Ihor Dusaniwsky, research director at S3 Partners. “The Tesla short seller has reversed the short-term risks of the first two months of 2018 and has dramatically shortened Tesla’s stock in the past five weeks.”
A report from an S3 partner appeared one day after Goldman Sachs encouraged its customers to sell the shares, and did not believe Tesla could even reach its Type 3 production target.
“We believe sustainable productivity in the second quarter of 2018 is likely to be lower than the 2,000 car mark reached by the company in the last week of [the first quarter],” Goldman Sachs analyst David Tamberrino wrote on Tuesday. “We have seen that the company may maintain the production of model 3 around 1,400 standards per week.”
Tesla’s chief executive, Alan Musk, has overturned the company’s opponents. After the bank’s pessimistic forecast, the CEO made an appeal at Goldman Sachs on Wednesday.
“Give your bet,” Musk said on Twitter, and it seems to challenge potential sellers to exit at their own risk.