Voted #1 Activist Short Seller by The Activist Investing Annual Review 2019
Looking Beyond Tesla – The Most Compelling and REAL ESG story On the Market… Price TGT – $100
When Citron reversed its opinion on Tesla from short to long 2 years ago when the stock was at $52 (adjusted for splits) is when we recognized that this is not just a car company, but rather Tesla is going to lead the world in new energy.
But unlike electric cars whose biggest problem is charging and range as the electric gets used immediately, the transformation to a greater dependence on batteries is going to depend on the storage and distribution of electricity.
Citron believes that with the new green initiatives under the Biden administration, the ESG story and $2 trillion green revolution is underway in full force and investors must look for real disruptive companies with leading positions, where Tesla was 2 years ago.