The addition of Muddy Waters is like a depth bomb dropped into the already turbulent sea.
Different from the report by the Wall Street Journal that dismantled the position structure of Era Vanguard from the perspective of a bystander,
Muddy Waters's Short Selling statement starts from Tesla Fundamentals itself, directly hitting the most vulnerable weakness of the bulls.
Bullock mentioned that "some over-leveraged bulls are spreading risks to multiple investment banks", almost pointing at Era Vanguard's nose and saying--
Your 16.6 million shares of Pledged Shares are dragging four investment banks into the same risk pool.
And Muddy Waters chose to disclose Short Selling at this point in time, which is equivalent to telling all Wall Street:
We are not speculating, we are hunting.
The target of the hunt is not Tesla itself, but the offshore fund that used High Leverage to tie itself to the two ships Tesla and Nvidia.
After Muddy Waters's Short Selling statement was issued, the market's reaction was almost instantaneous.
The stock price of Tesla that day jumped directly from the pre-market price of 232 US Dollar to open lower.
Less than half an hour after the market opened, it broke through the margin call line of 225 US Dollar, and hit an intraday low of 224.5 US Dollar.
Shan City.
Chen Xi saw these three reports after being reminded by Lin Shicheng.
She just came back from Shareholders' Meeting at Yunnan Agriculture Group during the day, and the Live Pigs sales data at Cheng Jiaxun put her in a good mood.
But the dazzling headline of the Bloomberg news forwarded by Lin Shicheng made her tense up instantly.
She read the three reports from cover to cover, and then dialed Zhang Qingxue.
"Sister Zhang, have you seen it? The Wall Street Journal, Bloomberg, Reuters, three companies simultaneously issued in-depth reports on Era Vanguard.
The position structure, pledge terms, margin line, and Liquidation Line were all revealed.
This is not news, this is a statement, it is Short Sellers who is openly inviting more people to join sniping."
"I saw it."
The voice of Zhang Qingxue came from Beijing. Bubble Mary had just finished driving Shareholders' Meeting. She had been learning about the operation of Bubble Mary in the past two days.
Wang An is very satisfied with Labobo's first-quarter data, but there is no hint of celebration in her tone at this moment.
"The information mentioned in the report - the pledge records of the four investment banks, the time node for Apple liquidation, and the amount of 300 million US Dollar to cover the position - these are not public information.
The SEC's 13D declaration only discloses the shareholding ratio and does not disclose the pledge terms.
The person who can put this information together must be an insider in four investment banks PB Departments, and there are more than one.
Chen Xi, We must handle domestic affairs as soon as possible.
What Zhao Zong needs most now is not comfort. It is for us to prepare the backup for Henglong."
Chen Xi took a deep breath, minimized the reports on the computer screen, and opened a Yunnan Agriculture Group Board of Directors minutes that he had not yet finished reading.
Her speaking speed was much faster than usual.
"Also, Shanxi Fenjiu increased by more than 40% in April and has exceeded 60 yuan, and our position's floating profit has increased a lot.
The stock price of Henglong has exceeded 80 Hong Kong Dollar during the day today."
She pulled up the stock price chart of Fenjiu. The K-line in April on the screen was almost a straight upward positive line.
"I'll tell Wantang and ask her to forward this news to Zhao Zong."
"Eighty Hong Kong Dollar." Zhang Qingxue repeated the number, and there was an extremely brief pause in his voice.
"At the end of last year, I was in my early forties Hong Kong Dollar, and it doubled in less than half a year - this is something that caused a stir in the domestic capital circle.
But compared with Wall Street's battle, it can only be regarded as psychological massage.
You should finish Yunnan Agriculture's matter as soon as possible. Bubble Mary's Wang An is already pressing for the timetable for the next round of financing.
Let's finish handling the domestic affairs. If the situation over there at New York continues to deteriorate, we are ready to fly back at any time."
After Chen Xi hung up the phone, he leaned back in his chair and read the three reports on Bloomberg Terminal from the beginning again.
Jiangbeizui outside the window is bathing in the April afternoon sunshine. At this moment, the increase in Henglong's stock price has steadily maintained at an intraday high of more than five percent.
The next day, with the blessing of Muddy Waters, the stock price of Tesla hit a new low.
Opening Price directly fell below the 220 US Dollar integer mark. The decline for many consecutive days has broken through all the previous support levels.
The pre-market Panic Selling spread among various shareholder groups of Tesla, and overseas retail forums were filled with posts about "clearing positions" and "stop losses".
The market officially opened at 9:30, and selling orders poured down like a flood that burst a dam. In the first fifteen minutes, Trading Volume exceeded 400 million US Dollar.
Large orders of more than 100,000 shares flashed through the order details one after another, and each order was like a hammer, driving the stock price downwards.
215, 214, 213--The K line on Time-sharing Chart is almost a straight downward waterfall, without any decent rebound, and without any trace of a major takeover.
Short Sellers people are spreading bad news about Tesla overwhelmingly.
An alert popped up on Bloomberg Terminal--
"Tesla's factory in Fremont temporarily shut down due to Supply Chain problems, and the Model 3 production line was shut down for about four hours."
Reuters followed the report,
"A former Tesla employee who asked not to be named revealed that the unsubscription rate of Model 3 increased significantly in the first quarter, and some Europe customers canceled their orders due to delivery delays."
CNBC invited an analyst who has been short Tesla for a long time on its midday show. The latter pointed out ruthlessly during the live broadcast:
"The demand for Model 3 has peaked, the price advantage of Federal Subsidies after its decline is disappearing, and the development progress of Model Y is seriously lagging behind.
Tesla is facing the most serious product gap since the Model 3 production hell."
By the afternoon, some more outrageous rumors began to circulate in foreign media trader groups.
Some people say that Elon Musk has not appeared in Fremont Factory for a week,
Some people say that Tesla is secretly laying off employees,
Some people say that Panasonic has stopped supplying batteries to Tesla Gigafactory--
None of the news was officially confirmed, but each caused a brief sell-off in the market.
Short Sellers doesn't care whether the news is true or false, what they care about is whether the news can create panic.
And panic is Short Sellers's best ammunition.
The panic in the market has caused potential bulls to retreat and made trapped bulls fearful.
No one knows where the bottom of Tesla is, and the mood of running away continues to spread.