Like we've said many times before, Tesla is definitely not not a cult masquerading as a car company.
For instance, it's totally normal for someone so aggressively shorting an auto stock that they're actively suing said auto company, to suddenly turn around and announce that they are now long the stock...
Tesla shares popped as a noted short seller, Andrew Left of Citron Research, said he is now betting on the stock ahead of the company's earnings report on Wednesday. Left's firm has held a short position on the stock for more than two years, and he confirmed he is still suing both Tesla and CEO Elon Musk.
What? This shit doesn't happen all the time with Druckenmiller and GM?
And Left isn't just changing his tune, he's remixing the whole fucking album...
"Citron is long Tesla as the Model 3 is a proven hit and many of the TSLA warning signs have proven not to be significant," said Left in a blog post Tuesday. "Plain and simple – Tesla is destroying the competition."
"TSLA is not just pulling customers from BMW and Mercedes but also from Toyota and Honda. Like a magic trick, while everyone is focused on Elon smoking weed, he is quietly smoking the whole automotive industry," the short seller added.
So, to recap: Andy Left is now long Tesla and thirsty for Elon despite still being in legal action against Elon for "The Tweet."
Tesla, ladies and gentlemen, a totally normal public company that does totally normal things and creates totally normal situations.