Who Is Shorting Tesla?

Modern Energy Roundup - February 24, 2012

Written by Green Chip Stocks
Posted February 24, 2012 at 3:28PM

Here's this morning's Modern Energy Roundup. . .

  • Exide Technologies (NASDAQ:XIDE) announced yesterday that it will be expanding its Salina auto battery plant. This new plant is expected to create 130 new jobs. XIDE is down considerably from its recent high of $4.15 after an earnings disappointment. Could be a good play down the road. May consider picking up a few shares in the $2.85-$3.00 range.

  • Heavy short action continues on Tesla Motors (NASDAQ:TSLA). Shorts probably feeling confident that $35 resistance remains strong. Still not willing to take the short bet, though. Tesla has a way of burning those who bet against it too much. Wouldn't mind picking some up below $30. Also wouldn't mind getting my hands on a new Tesla Model S. Check it out. . .



Enjoy this article? Get more in our Free Newsletter

Get the inside track on the most lucrative stock plays in today's scorching-hot alternative and renewable energy markets.

Sign up for the FREE Energy and Capital daily e-Letter from alternative energy experts Jeff Siegel and Nick Hodge. We'll also send you our latest report on Wind Investing straight to your inbox.

Your Privacy is Assured.

Jeff Siegel on CNBC

Green Chip Stocks Editor Jeff Siegel, featured guest on CNBC's Green Week

Related Articles

Tesla Motors Model X
Tesla Motors has just unveiled its latest electric offering - an electric SUV called the Model X.
Tesla Roadster Crushes Porsche
This is what happens when you put a Tesla up against a Porsche.