Andrew Lefts Shorting Tesla says "Yes, I'm shorting it"

Andrew Lefts Shorting Tesla says "Yes, I'm shorting it" - RICH TV LIVE - FEBRUARY 4, 2020 - Andrew Left is breaking a promise, and very few people would blame him.

Left, the legendary short seller behind Citron Research, is back at shorting Tesla Inc. TSLA, +19.03% stock, which on Tuesday vied to top $900.

“This is obviously a computer-generated rally, it’s not a reflection on the company, or on valuation. It’s just a trade,” Left told MarketWatch. “Yes, I'm shorting it ... whoever bought it at these prices has to flush it out, and when it flushes, it’s going to flush hard.”

Earlier on Twitter, Left compared Tesla’s rally to a casino and indicated he was back at shorting it. Tesla’s stock soared as much as 20.5% earlier in the session, reaching a record intraday high of $940.13, before paring some gains to be up 16% in midday trading. It has already more than doubled (up 116%) in 2020.


Andrew went long on Tesla in October 2018, praising the Model 3 and saying that other car makers had been “taking the Ambien,” a medication to induce sleep, while Tesla leapfrogged then to become the dominant EV maker. Back then, Tesla traded under $300, a level it would stay, give it or take it $50 on either side, for another year.

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