Thursday, May 9th.
United States At 9:30 a. m. Eastern Time, the opening bell rang for NASDAQ, and the stock price of Tesla opened directly lower by 1 US Dollar.
Short Sellerss are already high-fiving and cheering - they have rehearsed today's script countless times in the Explorers Club after the market closed last night:
It opened low, broke through 178, triggered forced liquidation, 16.6 million shares were poured out, and the stock prices Too Big to Fail and Era Vanguard were liquidated.
This script was so perfectly written that they thought they could take Champagne out of the ice bucket after today.
After the market opened, the stock price slid to 178 US Dollar exactly as they expected.
Every Short Position that exceeds 100,000 shares accelerates this process. Tesla and Time-sharing Chart are like a bowstring that is tightened.
Infinitely approaching the number that Wall Street has been staring at for two months - 178 US Dollar.
Then, at the position of 178.48 US Dollar, the bowstring broke.
It wasn't broken, it was caught.
A huge buy order was placed at the position of 178.50 US Dollar, like a wall of silence, blocking all the selling orders that hit 178.
Immediately after the second, third, and tenth strokes--
Buy orders surged up one after another like waves at high tide, and the dense small and medium-sized orders formed an almost straight upward line of defense on Time-sharing Chart.
The sell order of Short Sellers was entrusted from 178.50 to 179, and from 179 to 180,
Every time US Dollar is pushed upward, the buyer adds another level of position, and the price cannot break through 178.48 no matter what.
By the fireplace in Explorers Club, the Whisky cup in White-Haired Old Man's hand was hanging in the air. He put it down, picked it up, and put it down again, but never drank.
He looked at Time-sharing Chart on Bloomberg Terminal, and it only took less than a quarter of an hour for his brows to go from a slight frown to a frown.
178.48--It is less than half US Dollar from the 178 Liquidation Threshold they calculated.
But now is not the time to worry about this half US Dollar. The question now is, where do these days of payment come from?
"Is someone closing a position at this position?"
Someone on Trading Desk took the lead in breaking the silence.
Once this question was asked, it couldn't be stopped. Several trading executives began to call each other to inquire--
From the Explorers Club to the other Trading Desk of Midtown Manhattan, from the Hedge Fund circle of Greenwich to the quantitative trading team on the West Coast.
The news spread throughout Wall Street within dozens of minutes:
Tesla Someone took over the order at the position of 178.50 US Dollar with a huge amount of funds, and the sell order was digested as much as it was bitten.
All the big Short Sellerss with heavy positions heard the other party's questions, and also heard the subtle suspicion in the other party's tone.
Backstabbing allies is the oldest script of Wall Street - everyone holds huge floating profits in their hands, and floating profits are just numbers unless they are turned into cash.
Locking profits and closing positions in this position is not a betrayal, but a duty.
So almost all the big Short Sellers gave the same response in the most solemn tone:
I didn't close the position, not even one share.
One person even swore to the other party in the name of God that he would never close his position.
However, once the seeds of doubt are planted, they will not disappear just because of an oath.
After everyone hung up the phone, they stared at the screen and pondered: If he didn't close the position, then whose order was it?
After some consultation, they decided to continue to increase their efforts to smash the market.
More selling orders poured out from various Hedge Fund trading terminals, trying to push the stock price back from above 180 to 178.
However, no matter how much ammunition they throw out, there are always invisible hands in the market absorbing Selling Pressure like a bottomless pit.
A wave of concentrated selling hit at two o'clock in the afternoon, and the stock price briefly rebounded by three cents before being pulled back;
Then in less than half an hour, it was taken away again by countless small and medium-sized pay orders.
Every time Short Sellers feels that it has broken through the defense, it will be found that new buy orders have been piled up at higher prices.
The K line on Time-sharing Chart was lifted step by step from around 178.50 to 182, 184, and 186. The selling orders of Short Sellers were submerged in the ocean of Buying Pressure.
When the closing bell rang, the number on Bloomberg Terminal was fixed at 188 US Dollar.
From 178.48 to 188, there was nearly ten US Dollar reversals, leaving an extremely long lower shadow.
Tesla closed up more than four percentage points that day.
White-Haired Old Man put the Whisky cup down, and the bottom of the cup hit the oak coffee table with a dull sound.
What Wall Street didn't know was that the funds Zhao Chen had been waiting for for a long time had arrived.
Today, it is not the spontaneous influx of market Follow-up Orders, nor the backstabbing and liquidation of positions by Short Sellers's allies.
It was him who used real gold Silver to catch all the sell orders dropped by Short Sellers at the position of 178.50 US Dollar.
His fingers slowly circled around the edge of the teacup. The time-sharing line on Bloomberg Terminal, which pulled back from 178.48 to 188, was still lit on the screen.
Trading Volume piled up an extremely thick male pillar near 178.50 US Dollar.
Chen Xi enlarged the transaction data, and the dense buy order marks on the screen formed a thick belt between 178.50 and 188.
"We bought a total of 4 million shares, with an average price of 181.5 US Dollar, and a total investment of approximately 726 million US Dollar.
Including the 16.6 million shares previously held, the total number of shares currently held is Tesla 20.6 million."
She turned to Tesla's latest disclosed share capital data - as of April 22, Tesla had issued approximately 173 million common shares.
In early May, Tesla completed a public issuance of approximately 3.09 million new shares, expanding the total share capital to approximately 176 million shares.
"Based on the total share capital of 176 million shares, the shareholding of 20.6 million shares accounts for approximately 11.7%, which has exceeded the 10% disclosure red line.
Once the subsequent 13D declaration is submitted, Era Vanguard's attitude towards corporate governance must be expressed very carefully--
Give up any intention to seek Board of Directors Seat or influence the company's operation and management, and only act as a passive long-term Financial Investment."
"Don't think about it, our position has been clear from the Tesla privatization incident to now -
Long-term strategic shareholders, do not interfere in operations, and do not seek Board of Directors Seat. Just write this in the declaration."
Zhao Chen took the words and looked at Zhang Qingxue, "Aunt Zhang, you and Lin Shicheng should prepare the 13D declaration together."
Now that he has abundant funds, Zhao Chen wants to leave the deepest impression on Wall Street - Era Vanguard is a wolf.
Speaking of which, he has to thank Short Sellers. Without them, Elon Musk would not let go.
Short Sellers is not sniping him, but giving him money.