The past year has not been a great year for tesla short sellers since may. Of 2019. Tesla stock has gone up over one thousand five hundred percent, leaving these short sellers in huge trouble. In 2020 alone, the tesla short sellers have lost 35 billion dollars combined.

The short selling manipulators, who drove tesla stock down to 180 a share pre-split, gave everyone one of the best buying opportunities of their lifetime. In this video, i'm gon na go over what the tesla short sellers are up to heading into 2021. Welcome to cas games academy. If you're new to the channel, please consider subscribing for more content like this and let's get right into it.

Oh david einhorn has been shorting tesla for many years and he's most famous for calling out elon musk at cnbc's zone conference in may of 2019. napoleon once said: never interrupt your enemy. When he's making a mistake, so i won't just watch the screen. That's a lot of horse einhorn is one of the first people to receive tesla short shorts in august of 2018, which he publicly announced on twitter.

By stating i want to thank elon musk for the shorts. He is a man of his word. They did come with some manufacturing defects, hashtag tesla, elon musk, then replied by stating put them on and post a selfie, which david einhorn obviously didn't do now. Einhorn is still doubting tesla's ability to be profitable despite five consecutive quarters of profits.

Einhorn's short position has hurt himself and his clients by substantial amount, green light capital, which is einhorn's. Hedge fund has gone from over thirty dollars, a share in 2014 to seven dollars a share. Today, einhorn went from a net worth of 1.9 billion dollars to his most recent estimate of 700 million dollars. Einhorn has not been private about how his tesla short position has created miserable losses for his fund, as in green light capital's third quarter conference call.

He admitted that tesla quote unquote detracted from performance and stated that the stock was driven by retail investors, our tesla short detracted from performance. The stock nearly doubled in the quarter, driven in part by a surge in retail investor flows following the company's announcement of a five for one stock split in august and a potential inclusion in the s p, 500 index. We believe market behavior like this, is emblematic of the mania surrounding a small universe of story and other tech stocks. It is our view that we are now in the early stages of the bubble.

Popping elon musk definitely must be getting a good laugh at einhorn's losses. Back in 2019, elon publicly called einhorn mr unicorn, when responding to einhorn's fraud accusations. It was also revealed in september 2020 that einhorn purchased tesla put options which definitely hasn't been doing well. It's one thing to think that tesla is overvalued in the short term, but gordon isn't on that scale when it comes to tesla stock.

Gordon johnson is most notorious for not only being the rudest tesla short seller, but also the most contradictory one, while debating with rob from tesla daily gordon was exposed for constantly asserting that tesla is not a growth stock, even though he was projecting for growth. That's just not accurate right, it's not that's not the same. It's not true. The revenues are not growing so they're, not in hyper growth, they're in declining growth.

So that's the most story. This is the most confusing part about our conversation. To me is why you say that the growth is over when you're guiding for growth, gordon still doesn't seem to catch on to the facts that tesla is set to grow significantly in the future. He's been shorting tesla since april of 2018, when tesla was at 300 a share, pre-split or 60 dollars.

A share post split gordon still has a 17 price target on tesla stock, which even then, would not give him much profit due to the interest he has been paying for a short position. Now you might be wondering how gordon gets his low price target of 17 gordon's price target would imply a drop of over 97 from today's levels in an interview with real vision, finance gordon explains how he arrived at 17. A share, if we're looking at a a ev company, we look at demand by region. Then we look at demand, um um uh.

For that specific brand, then we model out what their costs are and then we add all that up to get to a number. We're not backing into you know, just because the stock has went from 50 to 500, we're not backing into a model that spits out a 500 stock price right there's times when stocks are grossly overvalued, which i think now a lot are. What's extremely overvalued. Is gordon johnson's rating of 0.2 stars on tipranks.com gordon still values tesla as a car company, despite everything we've seen over the past few months, this includes tesla's energy storage deployments, increasing exponentially tesla's, vertical integration into battery manufacturing and mining, and even their ability to rapidly sell Out unlimited items like tesla's tequila, chamath palihapatiya, a famous fund manager, pointed out a few months ago that tesla is an energy company and that's the component that the tesla bears are missing.

Not surprisingly, gordon johnson disagrees with this statement. Is it batteries? Are they going to self-drive trains? Are they going to be utility companies like, like you, got guys on going on cnbc, saying tesla's, not a car company, it's an energy company, it's literally crazy! What's going on right now, if you have any perspective of how truly the value companies and if you have perspective on companies that have did similar things before, while tesla will likely see a correction in the short term, the fact that gordon can't see the long term Vision is laughable. Jim channels is often regarded by short sellers as the lebron james of short selling. He has successfully shorted many fraudulent companies like enron, but when it comes to tesla he's totally missing the target in terms of overall investment performance channels has actually done pretty.

Well, over the last 12 months, his fund kineco's associates has beating the average hedge fund portfolio return over the past eight years. Nevertheless, channels would be doing much better if it wasn't for his painful losses on tesla stock. Most recently chain has accused tesla of having suspicious accounting methods. In addition, he still thinks that tesla is a car company when you're valuing tesla as a car company.

It's certainly overvalued in the short and long term. If you value tesla as an energy company, it is overvalued in the short term, but long term. The potential speaks for itself in energy, storage and energy generation, really a business model and evaluation issue with tesla i mean there's some things. We don't like about their accounting.

As well, despite what everyone says, they're still an automobile company they make cars and so they're competing with other companies that make cars channels has been talking about the upcoming competition for years now, but even now, heading into 2021. It's becoming clear that there is no eevee competition from legacy automakers. How long have you been short testing, so we've been shorted four years, but the bigger problem has is that porsche is coming? How expensive are they say that again, porsche's coming with their their own car porsche's, coming with the mission e and - and it was jaguar and so was audi with the e-tron? And now the big boys are coming and they're coming with sexy, looking cars at the same price point with better features, faster cars, great styling, and so what was unique for tesla is no longer unique. It's been quite some time now, since channels announced that the competition was coming and there is still only the non-existent gmc hummer ev when it comes to the hummer ev gm has made ambitious production timelines that it likely won't meet back in 2018.

Mark was managing a large sum of money for his clients. Now, after his embarrassing failures, he manages as much money as your grandma. Well, i'm rich. Well, i am too okay.

Now you just shut up. Okay in 2019, marx fund, stanfield capital revealed that mark achieved an average return of eight percent per year since the fund's inception in 2011.. In the most recent quarterly report, mark's annual average return dropped to two percent per year. Mark has lost millions of dollars for his clients through his tesla short position.

The amount was disclosed in an interview with tesla bull hyper change back in 2018. Before we start, let's disclose uh each of you. What your stakes are here financially mike, we'll start with you yeah, so we're shorted stock here, yeah we're short tesla via outright stock, and we own long dated puts and some short data puts and yeah it's it's a seven figure dollar amount of stock that we're short All right in galileo, uh, yes, i'm a tesla shareholder. I own 60 shares mark's cash.

Pile is not the only thing. That's burning, though his reputation has stoops down to a point where no tv shows want to invite him to their shows. Nonetheless, there was still one podcast that was willing to talk with mark the uh too hot for tv uh mark spiegel. Here he is, ladies and gentlemen stanfield capital, everything else, i'll put it all in the podcast description, hello, i don't know about.

I don't know about too hot for tv. You know i don't have a face for tv. I don't even have a face for radio anymore. I have a face for his podcasts but yeah, and even that is uh you're right.

That is iffy you're right on the borderline. What's going on mark spiegel's bearish thesis now is that tesla stock's rise was not because of short sellers covering their positions, but because of robin hood investors buying in mark stated that there was this whole gambling mentality that took place partially, because people got stuck at home. In order to calm his clients down about his tesla short position, he sent a letter saying year to date, tesla the biggest bubble in modern stock market. History is up an astounding, 495 percent, and that hurt us significantly.

So our short positions have obliterated the profits from our long positions, and yet, when this bubble, pops we'll be glad, we have them michael, bury who famously shorted the bond market in the 2008 recession has recently come out and announced that he is shorting tesla stock, going Even further than that bury has advised elon musk to sell 25 to 50 of his tesla shares brewery stated in a deleted tweet, so elon musk, yes, i'm short tesla, but some free advice for a good guy seriously. Issue 25 to 50 of your shares at the current ridiculous price. That's not dilution! Personally, i believe that a correction on tesla stock would likely come soon as no stock can go up forever. However, unlike the well-known short sellers, like einhorn channels, spiegel and johnson, who see problems in tesla's business model, i see a correction for tesla stock is healthy for the stock price and a chance to buy in.

Let me know where you think the tesla short sellers would be in 2021. Do you foresee their short positions finally paying off, or do you think that the tesla short sellers will continue to lose money? If you enjoyed this video, please hit the like button and subscribe and i'll see you in the next one.