Tesla Up 20% This Month: What Does Short Seller Citron Think Now? By Scalper1 | March 22, 2016 0 Comment Scalper1 News alt : http://feedproxy.google.com/~r/InternetTechnologyRss/~5/K6MWBJyE5zc/Tech_032216_TSLA_GM_GOOGL_AAPL_BIDU_GPRO_AMBA_MBLY_sd.mp4http://feedproxy.google.com/~r/InternetTechnologyRss/~5/K6MWBJyE5zc/Tech_032216_TSLA_GM_GOOGL_AAPL_BIDU_GPRO_AMBA_MBLY_sd.mp4 Loading the player… With Tesla Motors ( TSLA ) now trading at its highest levels this year, Citron Research’s short position in the electric-car maker’s stock has not been successful so far. Citron said on March 1 that Tesla had “supply AND demand problems,” which “should take down” the stock to 100 by the end of the year. Shares are currently trading around 235. Shares reversed fractionally higher in light turnover on Tuesday, building on its seven straight daily gains. Citron sent out its tweet one session after the stock hit resistance at its 50-day line. But Tesla was able to retake that level soon after and recently recaptured the 200-day line too. The stock has risen about 23% since the Citron tweet. Other Citron shorts, including GoPro ( GPRO ), Ambarella ( AMBA ) and Mobileye ( MBLY ), have not fared as well. GoPro is trading 80% below its 52-week high, while Ambarella is 68% below its 52-week peak. Mobileye is about 44% below its high reached last August. Tesla Unveiling Model 3 Soon Tesla shares could be getting a boost from the upcoming launch of its mass-market Model 3, which will be unveiled next Thursday. But with gas prices still at very low levels and Tesla struggling to ramp up production, some remain skeptical. Many of the top automakers are rushing out their own EVs. Tesla’s $35,000 car is set to compete with mainstream car brand offerings, most notably the Chevy Bolt from General Motors ( GM ). Tesla has made its mark in the luxury electric car space and has been a leader in implementing autonomous driving features with its Autopilot software. Other notable companies working on self-driving cars include Alphabet ( GOOGL )-owned Google and China’s Baidu ( BIDU ). Even Apple ( AAPL ) is reportedly doing work on its own car, dubbed “Project Titan.” Alphabet, Baidu and Apple shares were up a fraction Tuesday, while General Motors edged down. Scalper1 News Scalper1 News Related posts: Will Tesla Suffer Same Fate As Other Citron Shorts GPRO, AMBA, MBLY? Tesla Stock Continues To Lose Spark, Tumbles To 2-Year Low Tesla Motors Better Watch Out For This Competitor Nvidia Retakes Critical Level As Stock Spikes On Earnings