Citron Bearish on Tesla, but Stock Holds Firm

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Investing.com – Shares of Tesla (NASDAQ:) shrugged off analyst pessimism in midday trade Friday after short-seller Citron came out with a cautious near-term view of the stock.

Tesla (NASDAQ:) rose 0.3%.

“Citron took A LOT of criticism for change of heart on $TSLA,” it tweeted. “Short interest now at all-time lows. Capitulation has created a ‘too much too fast’ stock.”

“Short term risk/reward now skewed to downside,” Citron added. “Much respect to (CEO Elon) Musk but we are buyers 100 pts lower.”

Shares have nearly doubled in the last six months.

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