TSLA is doing a secondary offering to take advantage of its recent run-up. Wait for a gap up tomorrow and short. I called my broker and there is a 33% premium to short TSLA plus the regular margin rates. It will cost roughly $90 bucks a day to short 100K. I am going for it on any gap up at open.
The tock didn't just run up by itself without investment banking help in aiding Tesla to raise capital to repay the government. Tesla's profitability came way of reverse warrant gains and not from manufacturing operations. It's from paper gains. Likely the investment bankers have been advising Tesla how to manage earnings to coincide with stock performance and it has been brilliant!!!!! Investment banking fees are very important but the pros know when that support fades, the stock will drop and/or trends down. They are managing the stock part fantastically but the company is trading separately from reality.
We have all seen this happen before. A parabolic move followed by a plunge. The convertible bonds are being issued to pay off the Government loans...kind of like someone getting Obamacare after jumping of Medicaid.