Andrew Left is breaking a promise, and very few people would blame him.
Left, the legendary short seller behind Citron Research, is back at shorting Tesla Inc. TSLA,
stock, which on Tuesday vied to top $ 900.
“This is obviously a computer-generated rally, it’s not a reflection on the company, or on valuation. It’s just a trade, ”Left told MarketWatch. “Yes, I’m shorting it … whoever bought it at these prices has to flush it out, and when it flushes, it’s going to flush hard.”
Earlier on Twitter, Left compared Tesla’s rally to a casino and indicated he was back at shorting it:
(%) in the past . months, far outstripping advances of (% for the S&P) index SPX, 1. (% and 20% for the Dow Jones Industrial Average. (DJIA, 1. %