The current price of Tesla's stock is still over 160 US dollars, but suddenly 20 million shares of Tesla sell orders appeared in the market. Ron guesses that other financial giants have already found out about Luofeng's exit?
After all, without Luofeng stepping in, everyone knows Tesla cannot maintain its current stock price, so they're trying to find a way to get out early?
After this transaction, Tesla's price dropped from 163 to 161.
Ron thought for a moment, and to avoid market panic, he tried selling 10 million shares at 160 US dollars.
He bought them at 160, and now it's 160, so the loss won't be too big, just some fees.
His strategy wasn't flawed; buying at 160 was actually stabilizing Tesla's stock price.
But Luofeng was clearly targeting the other side; how could he let them get what they want?
When Ron placed the sell order, because it was a high price of 160 US dollars, there were no takers, especially since someone just dumped 20 million shares at 155 US dollars.
