I'm sorry, how are these related? After this slump, TSLA is still up ~1400% since the time that hedge fund started (2010).
Well, true, but talks about tesla bubble gained traction after tesla reached capitalization of ford - year or two ago. So I (somehow optimistically) assume that tesla shortsellers shorted TSLA highs during last year or two, which puts their positions into black atm.
-8.5% on one day is a very weak signal. Next week it's up 8.5% again.
It broke to the downside after trading sideways for two years. Taking their financial position and M3 delays into account, it is not a good move. Limits their capital rising options.
...and as of today, it's -25% in a 3 weeks. Not a weak signal anymore.
It's a bit of a better signal, but still not that significant with the dow jones also being down 25% over the last several
weeks.