Tesla Spiking Down on Negative Citron Tweet

After hitting a 52 week high of $137.49 this morning, Tesla TSLA shares spiked down following a bearish Citron Research tweet. The tweet lead to a drop of almost $5. Shares are currently trading down 2.84 percent to $133.57.

Citron has stayed away til now short $tsla Car of the future is today. Valuation has no respect for real competition http://t.co/5aH4np4kOV

— Citron Research (@CitronResearch) July 30, 2013