The next day, with the double blessing of Muddy Waters and Citron, the stock price of Tesla went directly to the important Psychological Threshold of 200 US Dollar at the opening.
During the pre-market trading stage, sell orders have piled up, and the price has fallen rapidly like a stone thrown from a high place.
After the market officially opened, large orders of more than 100,000 shares flashed through the order details one after another, and the stock price dropped vertically from above 210 US Dollar.
The K line on Time-sharing Chart is almost a straight downward waterfall without any decent rebound.
At 9:45, the stock price touched 204 US Dollar, which was only the last step away from 200 US Dollar.
However, when the stock price approached 200 US Dollar, resistance from the bulls appeared.
They are not sporadic stragglers, but a group of extremely determined payers, arranged in sequence between 200 and 202 US Dollar, blocking the waterfall like three dams.
A buy order of more than 200,000 shares at the position of 202 US Dollar firmly caught a wave of concentrated selling.
Then another buy order placed near 201 US Dollar pushed back Short Sellers, which was trying to break through the integer mark.
The K line on Time-sharing Chart draws a horizontal line that seesaws repeatedly above 200 US Dollar--
Every time it dipped, it bounced back, not by much, but every time Short Sellers's selling order came back in vain.
200 US Dollar is the psychological bottom line for Tesla bulls - this price is the lowest point of the stock price after the privatization event last year, and it is also the position where Tesla has been lifted up by the bottom of the market many times in difficulties in the past three years.
Once lost, there is no more psychological support below, Short Sellers can fight all the way down until Era Vanguard and Pledged Shares are completely broken down.
The bulls won't allow this to happen, at least not today.
When the closing bell rang, Tesla closed near 204 US Dollar.
200 US Dollar held on.
But just after the market closed that day, Elon Musk finally spoke.
He did not go through the official PR channels of Tesla, nor did he accept any exclusive interviews from the media.
He posted multiple tweets on his Twitter, and his tone was not that of anger after being besieged.
It's an engineer who, after calculating all the variables, counterattacks one by one in an extremely calm way.
"I'm sorry to see that although Tesla set more records in the first quarter,
But there is still a large group of Hedge Fund attacking Tesla by continuing to spread false news and negative remarks.
Their behavior is obviously a joint Short Selling operation to grab huge profits."
Immediately afterwards, a second tweet popped up.
This time he was more direct -
"I can tell you clearly that the rumors that Era Vanguard is about to be liquidated are completely false.
Era Vanguard is the staunchest long-term shareholder of Tesla and my most trusted partner.
We have a clear understanding of their pledge situation. They have replenished all necessary deposits in accordance with the broker's requirements, and the pledges are sufficient and in a safe state.
Any claim that they are about to be liquidated is false information spread by some people with malicious intent.
We will also ensure that this behavior never happens again to any of our long-term shareholders."
The third tweet followed, and he directly addressed the topic of subsidy reduction.
"About the problem of Federal Subsidies's decline,
The fact is that Tesla has been in the second half of the subsidy decline of 7500 US Dollar since January 2019 (the actual subsidy is 3750 US Dollar).
However, the price of the standard range version of Model 3 has been adjusted to 35,000 US Dollar, and the impact of the subsidy reduction has already been absorbed by the pricing strategy and Market Reaction.
Moreover, we have not seen any data showing a substantial collapse in orders due to the reduction of subsidies.
On the contrary, the Europe and China markets are seeing rapid growth in bookings.
As for the so-called 'peak demand theory', if a company's products are sold in the world's two largest automotive markets - China and Europe -
At the same time, supply exceeds demand, so the term 'peak demand' itself is a joke."
In the fourth tweet, he directly named Muddy Waters.
"Muddy Waters's report claims that Tesla's first quarter delivery volume fell by more than 30% from the previous quarter due to demand issues.
The fact is that the quarter-on-quarter decrease in delivery volume in the first quarter was mainly due to the fact that in the fourth quarter of last year, we concentrated on digesting a large number of backlogged orders in order to complete deliveries before subsidies were reduced, resulting in an abnormally high base.
Distorting one-time fluctuations in delivery rhythm as 'structural weakness in demand' either does not understand the seasonal patterns of the automotive industry, or is deliberately misleading.
The actual weekly production capacity of Fremont Factory Model 3 is stable at more than 5,000 units. We have not seen any unsubscription data to support the conclusion of Muddy Waters.
And Citron - an institution that has been erratic in the past three years, from Short Selling to long to Short Selling, and every change of position has accurately made noise in the media -
I'm not even sure they themselves believe their own reporting.
By the way, Citron just issued a bullish report on Tesla in March this year, claiming that the stock price of Tesla will return to 320 US Dollar.
Just over a month later, the same institution issued a completely opposite bearish report.
It's up to you to judge for yourself how credible an agency's report is that makes a 180-degree reversal of its own judgment within a few weeks."
In a fifth tweet, he responded to questions about capacity and shutdowns.
"Regarding the so-called 'Fremont Factory shutdown due to Supply Chain problem'--
The Model 3 production line did have about four hours of planned process debugging in early April.
This is not a shutdown, it is not a breakage of Supply Chain, it is a manufacturing engineer doing mold replacement and routine maintenance on the molds in the stamping shop.
Every car factory will do the same thing. Exaggerating this into a 'production line shutdown' is a typical malicious distortion."
In the last tweet, his tone lost all sharpness, leaving only an extremely calm determination.
"Tesla is a manufacturing company.
The value of a manufacturing company is not in today's stock price, it is in the factory's production line, or in every car delivered to the user.
We are building our second factory in the China automotive market, which is the world's largest and fastest growing market and where Tesla sees long-term opportunities.
When the Shanghai factory is put into production, you will see the real release of production capacity.
As for those Short Selling Tesla institutions--
I respect that the market allows Short Selling to exist, but I suggest that you think clearly about what kind of company your Short Selling is before Short Selling."
Elon Musk is full of firepower this time, directly attacking Short Sellers.
As the helmsman of Tesla, he cannot continue to sit back and watch Tesla's stock price fall.