Tesla short sellers $2B in the red for June as shares soar
I shorted (a very small amount) from about $320 down to about $270. That&#x27;s when Elon had his very standoffish and defiant earnings call. After that I exited at a profit because I didn&#x27;t think the downward reaction was severe enough.<p>People were asking legitimate questions about orders and finances and he told them to shut up, while directly insulting their intelligence. That was an extremely bad sign to me. When I saw that even after that, there was still support in the $270s, I declared the market too bullish for my liking and was no longer comfortable being short.<p>As far as I&#x27;m concerned TSLA has to turn a profit in the next couple of quarters or they&#x27;re just not going to be able to be competitive enough with the additional financing they&#x27;re going to require. Elon promises they won&#x27;t need to raise capital. If he&#x27;s right, great. But I&#x27;m not betting on it one way or the other.