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Stocks soar despite coronavirus and a recession. The company's stock crash would not be a mere Wall Street adjustment; a hard landing is a foregone conclusion. Remember when Elon Musk said he was fielding offers to take Tesla Inc. Investors that betted against Tesla's stock are now helping to drive it far higher.

Musk is supposed to seek pre-approval if his tweets include anything regarding the company`s securities, including his acquisition or disposition of shares, non-public legal or regulatory findings, or decisions. Last month, Tesla CEO Elon Musk started selling satin shorts on the company's website to poke fun at the short sellers.

Took another dive Wednesday to kick off a correction, after the electric vehicle maker disclosed that one of its largest shareholders sold off a chunk of stock, although the sale was effectively just a rebalancing as the value of the stake has actually increased.

The U.S. economy continues to outdo expectations helping the stock market push back toward all-time highs set earlier this month. While Tesla stock is currently down more than 16 percent from the level it attained on Feb. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

But the poster child of Nasdaq's near-vertical ascent must be electric vehicle company Tesla (NASDAQ:TSLA) with its ‘unconventional' CEO, Elon Musk. If enough investors do this, it pushes the stock price up even further, forcing even more buying by short-sellers.

The analyst believes the bullish momentum the stock is presently enjoying poses a risk for would-be Tesla short-sellers. As you can see, there's a clear correlation between the number of shares shorted and the price of Tesla's stock. And you want to bet against stock X whose price is $1,000.

But, of course, it is the story that drives ‘investors' to buy Tesla Analysis the shares, not the financials. The company will release its second-quarter earnings on August 15. A lot of negative news has hit Tesla stock this month. His 2017 assurance to Wall Street analysts that they should have "zero doubt" Tesla would hit a production level of 10,000 cars a week by the end of 2018.

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