The APES were out in force again on Reddit as they identified another stock being shorted heavily so the squeeze began. With all the APES assembled they opened at the lows of $174 which saw this sky rocket to the highest point of $535. The game began with day traders trying to ride the candles which made this quite possibly the most volatile stock in history.
Image courtesy of Finance.Yahoo.com
Since the markets have closed the stock is down 2% in pre market with the current open price of $357.17.
The entire car market boomed because of this but with Elon Musk tweeting that there is no actual HERTZ deal we may see a massive pullback across the entire sector today.
You’re welcome!
— Elon Musk (@elonmusk) November 2, 2021
If any of this is based on Hertz, I’d like to emphasize that no contract has been signed yet.
Tesla has far more demand than production, therefore we will only sell cars to Hertz for the same margin as to consumers.
Hertz deal has zero effect on our economics.
