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Tesla Can't Produce Fast Enough Says Elon Musk

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CNBC interviewed Longboard Asset Management's Cole Wilcox Thursday following Tesla's (NASDAQ: TSLA) earnings report. Wilcox is notorious for saying that Tesla could rise to $200 per share before it began its massive run up since early this year.

"Tesla doesn't have a demand problem," he said when referencing the vehicles in Tesla's leasing program. Rather, he cites a conversation he had with CEO Elon Musk in which Musk said that Tesla's real problem currently is that the company cannot produce batteries fast enough to meet demand. "They have a production problem."

Analysts are divided on the stock currently as many are afraid to call a top and recommend selling the stock. However, noted short-seller Citron Research recommended a short in Tesla on July 30. Depending on exactly when they went short, it seems as though Citron went short around $134. Should this be the case, they are facing massive losses as Tesla's stock rocketed almost to $160 on earnings today.

Related: EXCLUSIVE: The Shorts Are Taking A 'Wait And See' Approach With Tesla.

After the earnings, Citron said that they are adding to their short. They tweeted:

Have your say on Tesla here and let us know what you think of the stock.

Latest Ratings for TSLA

DateFirmActionFromTo
Jun 2016Argus ResearchDowngradesBuyHold
Jun 2016Standpoint ResearchUpgradesSellHold
Jun 2016Morgan StanleyDowngradesOverweightEqual-weight

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