Citron reverses opinion on Tesla. The story has become too compelling to ignore.
As much as you can’t believe you are reading this, we can’t believe we are writing this!
The most challenging part of being a short seller is to constantly check your thesis to make sure nothing has changed. You must let all predispositions and prejudices disappear and stay focused on only the facts.
It is in that spirit and with a great deal of analysis and due diligence that we can say for the first time, Citron islong Tesla as the Model 3 is a proven hit and many of the TSLA warning signs have proven not to be significant.
It has been almost 5 years since Citron published the following line:
“By the time this product is even approaching market, there will be multiple other 200-mile range plug-ins that have been out for years.”
Rumors of the Tesla killers have been as constant and unfounded as Bob Lutz’s call for Tesla’s bankruptcy.
While the media has been focused on Elon Musk’s eccentric, outlandish and at times offensive behavior, it has failed to notice the legitimate disruption of the auto industry that is currently being DOMINATED by Tesla.