The struggle against Tesla escalates and becomes a truly open and nasty street fight.
And this time? The protesters are coming to the stock market.
Reddit traders are rolling up their sleeves and joining the fight against Elon Musk!
The protesters decided to open aggressive short positions in options on $TSLA with a price target of $100 per share!
Small traders are organizing and opening aggressive short positions, with a clear target: $100 per share, all by June 20.
What is starting to look like a financial rebellion is reminiscent of what happened with GameStop, only this time they are directly aiming to harm the stock of Musk's Tesla company.
The big question: will the big institutions join the move?
Currently, it's a game for small traders, but if hedge funds and large institutions identify an opportunity and join this short wave, the pressure on the stock could become catastrophic.
On the other hand,
If Tesla holds its ground and crushes the short sellers, we might see a massive short squeeze.
So what do you think?
Will Musk once again find a way to surprise everyone and turn the situation to his advantage? Mark -
Or...
that small traders, who until now were considered a marginal force, will succeed in shaking Tesla's stock? Mark -
What is certain, this story is just heating up, and we will see a lot more drama on the way to June 20!