Tesla Can't Produce Fast Enough Says Elon Musk

CNBC interviewed Longboard Asset Management's Cole Wilcox Thursday following Tesla's TSLA earnings report. Wilcox is notorious for saying that Tesla could rise to $200 per share before it began its massive run up since early this year.

"Tesla doesn't have a demand problem," he said when referencing the vehicles in Tesla's leasing program. Rather, he cites a conversation he had with CEO Elon Musk in which Musk said that Tesla's real problem currently is that the company cannot produce batteries fast enough to meet demand. "They have a production problem."

Analysts are divided on the stock currently as many are afraid to call a top and recommend selling the stock. However, noted short-seller Citron Research recommended a short in Tesla on July 30. Depending on exactly when they went short, it seems as though Citron went short around $134. Should this be the case, they are facing massive losses as Tesla's stock rocketed almost to $160 on earnings today.

Related: EXCLUSIVE: The Shorts Are Taking A 'Wait And See' Approach With Tesla.

After the earnings, Citron said that they are adding to their short. They tweeted:

Have your say on Tesla here and let us know what you think of the stock.

Loading...
Loading...
TSLA Logo
TSLATesla Inc
$334.735.14%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
92.73
Growth
45.22
Quality
85.07
Value
8.97
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm

Posted In:
Comments
Loading...