"Tesla Will Go Bankrupt Within Months"
Posted December 08, 2024
— Various Analysts & Short Sellers, including prominent bears
2019-05-01
What Actually Happened
In 2018-2019, "Tesla bankruptcy" was practically a meme. The stock was trading around $35 (split-adjusted), short sellers were piling on, and mainstream analysts were writing obituaries. Elon Musk himself admitted the company was "about a month" from bankruptcy during Model 3 production hell.
Then Tesla turned profitable, ramped production, and the stock went parabolic. From its 2019 lows around $35, Tesla surged to over $400 — a gain of more than 1,000%. Short sellers lost an estimated $40+ billion betting against Tesla, making it the most expensive short squeeze in market history.
The lesson: don't bet against a company with a cult following and a CEO who literally sleeps at the factory.
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