In Episode 86 of Hidden Forces, Demetri Kofinas speaks with TeslaCharts, one of the leading members of the online community known as TSLAQ, a group of largely anonymous Twitter users who exist to expose the reality behind the Tesla façade.

TSLAQ is a hive-like collective of financiers, accountants, Ph.D.’s, lawyers, pilots, and members of just about any other occupational discipline you can imagine. What unites them all is Tesla, or more specifically, their outrage at a CEO who they believe to be a carnival barker running the biggest fraud in corporate America. In the words of TSLAQ’s most prominent member Mark Spiegel, Elon Musk is responsible for “the biggest single stock bubble in this whole bubble market.”

According to an article about TSLAQ published for the LA Times, Russ Mitchell writes, “the channel has emerged as a crowd-sourced stock research platform,” where “contributors divide up research duties according to personal interest and ability, with no one in charge.” The “major aim” of this collective, writes Mitchell, “is to change the mind of Tesla stock bulls and the media.”

Activist investing and short selling have been around for as long as anyone can remember, but short sellers have traditionally aligned with intrepid, up-and-coming journalists and prominent media outlets in order to “talk their book” and change public opinion about the stock by sharing their proprietary research into the company. Jim Chanos was famous for having worked to expose the fraud at Enron through various media contacts like Bethany McLean, while simultaneously shorting the company’s stock. In other cases, such as with SEC whistleblower Harry Markopolos, “No One Would Listen.”

What is unique in this case is the emergent nature of the network behind TSLAQ. It is not proprietary, nor is anyone in control. TSLAQ is not a conspiracy of short-sellers. Rather, it is the spontaneous manifestation of a disparate collection of disaffected people united together by their commitment to exposing an increasingly dangerous fraud that they believe is being perpetrated against investors and the general public.

In this episode, we bring light to this phenomenon and help to educate you about its history, its impetus, and its prospects for bursting what may be the greatest stock bubble in our entire bubble market.

As always, episodes of Hidden Forces are for informational purposes only and should not be relied upon as the basis for financial decisions. All views expressed by Demetri Kofinas and podcast guests are solely their own opinions and should not be construed as financial advice.

Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

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TSLAQ and the Crowdsourced Short Sale of the Century | TeslaCharts 01:01:37 Share

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TSLAQ and the Crowdsourced Short Sale of the Century | TeslaCharts