I first offered up the insane idea of shorting Tesla back on September 15th, then I followed up with the same notion on September 22. My reasons were simple: (a) their persistent delays in rolling out the Model X were pissing off their most loyal devotees, like yours truly; (b) failed bullish breakout, shown in yellow below; (c) affirmation on the failure with a trendline break and retest, highlighted in magenta. It all added up to a great reason to short the stock and go long the put options, both of which have paid off nicely. Elon, you really should focus on getting the X out the door before you start monkeying around with new models that aren’t that important to people!
