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Tesla Motors, Inc. Message Board

  • swcm2013 swcm2013 Jun 4, 2013 7:35 AM Flag

    Short Margin Interest

    Cost to borrow shares for shorting is at 3.66% per year, it has dropped off a cliff. 500k+ shares to borrow via Automated Lend Desk, more if you call for a larger block.

    Big difference from 4 weeks ago when it was at 50% annual cost to borrow shares.

    This will likely be my final update on this issue, I posted at various times so people could see what was happening on the short side. As you can tell, the shorts are back in town, the squeeze is over.

    Longs, you have to justify price on the basis of what Tesla can earn now, not dream about selling to some desperate short - because there are plenty of shares and they are cheap.

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