Tesla skeptic from ‘Big Short’ gives up his position for this big reason

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Tesla skeptic Danny Moses, who was portrayed in “The Big Short” movie, has revealed he has given up shorting the electric automaker’s stock for this big reason.

Moses appeared on CNBC to talk about stocks, and when he was asked about his short position on Tesla, he said he had exited it.

Here’s why:

“When the story moves from non-fundamentals to technicals…that’s when I leave the story. It’s very difficult to short a name that is not trading on fundamentals. It’s also hard to go long a name when it’s all on promises.”

Tesla trades and holds a tremendous amount of value on its technology, its prowess as an EV maker, and plenty of other things.

For example, the company’s shares exploded significantly on the news of Donald Trump winning the presidency, and the reasoning was all related to potential regulatory advantages Tesla could have.

The market is not perfect. There have been times when Tesla has beat delivery estimates, and the stock has fallen.

Despite Moses’s decision to exit his short position, he still has skepticism about the company. He said that CEO Elon Musk has promised things to consumers and investors that “never came to fruition.”

He’s also skeptical that Musk will be able to do what he says in his new post in the Department of Government Efficiency (DOGE).

Moses is not the first outspoken Tesla critic to exit their position after being burned by the stock’s performance. Jim Chanos is one of the most notorious investors who shorted Tesla and ultimately decided to ditch the position:

Tesla bear who argued that TSLA is worth $0 gives Elon Musk credit: ‘Job well done’

After Tesla’s massive run-up in 2021, more than 50 percent of short sellers ditched their short positions as well.

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Please email me with questions and comments at joey@teslarati.com. I’d love to chat! You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Tesla skeptic from ‘Big Short’ gives up his position for this big reason





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No plans for local Cybertruck release for now

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Tesla China has reportedly clarified that it currently does not have any immediate plans to release the Cybertruck in the country. The update was posted by Chinese media outlet Jiemian News, which claimed that the Tesla China team had denied that the Cybertruck would be brought to the county soon.

The Cybertruck was unveiled in November 2019, and deliveries started in the United States on November 30, 2023. So far, the Cybertruck has only been delivered to the United States, Canada, and Mexico. A look at Tesla China’s official website shows that only the Model Y, Model 3, Model S, Model X, and the Powerwall can be ordered in China. The all-electric pickup truck is not listed as available for order on Tesla China’s official website.

Tesla China’s reported denial surrounding the Cybertruck’s potential launch in the country is quite unsurprising. Elon Musk himself previously commented on the challenges of bringing the Cybertruck to China, stating on X that “Getting Cybertruck road legal in China would be very difficult, but we could ship some prototypes over for display.”

Musk did not detail the specific legal hurdles that the vehicle may face in the country, though it should be noted that pickup trucks in China face significant regulatory restrictions. This was likely one of the reasons why Tesla called the Cybertruck a “crossover touring vehicle” when it brought the vehicle on a tour around China. 

As noted in a report from CNEV Post, the speed limit for pickup trucks on Chinese highways is capped at 100 kilometers per hour, while passenger cars can legally travel up to 120 kilometers per hour. Additionally, pickup trucks have a mandatory scrapping requirement after 15 years of use. Pickups face urban access restrictions in many cities as well, although these have been eased somewhat in recent years.

These restrictions have resulted in China’s pickup truck market being quite small. From January to October this year, China’s pickup truck sales were at 427,000 units, as per data from the China Passenger Car Association (CPCA). In comparison, passenger car sales, which include sedans, SUVs, and MPVs, have totaled 17.84 million units in the same period.

Tesla has been quite successful in China. The Model Y crossover has become particularly popular in the country, with 373,852 units delivered in China from January to October, making up 74.67% of Tesla’s total deliveries. Overall, Tesla delivered 500,685 vehicles in China in the same timeframe, an 8.29% increase year-on-year, as per data compiled by CNEV Post.

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Tesla China: No plans for local Cybertruck release for now





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Tesla reportedly told Cybertruck production workers to stay home for three days

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Tesla reportedly told Cybertruck production workers to stay home for three days this week in an internal email to employees who are responsible for building the all-electric pickup at the Gigafactory Texas facility.

A report from Business Insider stated that Tesla emailed Cybertruck production line employees and told them they “do not need to report to work” on the dates of “Tuesday, Wednesday, and Thursday this week (Dec. 3-5).”

Credit: Tesla

Employees would still be paid as normal but were not required to show up for work.

Tesla has not commented on the report, and CEO Elon Musk has also not said anything on social media platform X, where he usually dispels rumors of this kind.

Considering the production pause is coming at the end of the year, it seems like a relatively interesting time, as Tesla is looking to increase deliveries for Q4 to meet expectations for annual deliveries.

Tesla is going to be close to matching its production and delivery totals from 2023. It was transparent that earlier this year it would be focusing its efforts on the next-generation platform, and would result in a “notably lower” growth rate in 2024.

Tesla Cybertruck deliveries have been going on for an entire year, so we are not sure if the pause has to do with a demand issue or if workers are getting the unscheduled break for other reasons, like a deserved break.

The latter does not seem to align with what Tesla or Musk have held as a narrative for the company for the last several years.

However, there are also a variety of other things that could totally be in play.

Line upgrades and other routine maintenance could be occurring on these lines at this time, which is something that would require a pause of this length.

It seems unlikely that if it were not absolutely necessary, Tesla would delay this pause until the beginning of 2025.

Need accessories for your Tesla? Check out the Teslarati Marketplace:

Please email me with questions and comments at joey@teslarati.com. I’d love to chat! You can also reach me on X @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Tesla reportedly told Cybertruck production workers to stay home for three days





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