Beijing time, two in the morning.
Tesla's stock price is 1083 US dollars, a decline of -9.22% for the day, with a market value remaining at only 182.5 billion US dollars.
"Mr. Lu, below 1080 US dollars, there are several hundred million dollars in funds for every 10 dollars drop."
Wen Chao observed for a while and noticed that at the 20-day moving average, the 1080 US dollars level had a lot of supporting funds.
Tonight's short selling might have to stop here, unless they are willing to use more funds to break the 20-day moving average.
However, that would likely outweigh the benefits, after all, Lu Liang's reduced holdings are unrelated to the company and don't count as particularly bad news.
Without retail investors stepping in, it would likely drop only six or seven points, and another one or two points in the following days would be about it.
