Tycoon: I can see the goddess's wish list-Chapter 813 - 809: Starting a Grand Chess Game—Short Selling! Short Selling!

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.

How could someone suddenly buy at five dollars higher?

Even worse, Fengshun Investment bombarded the market again with 20 million shares at just 155 US dollars.

After this selling order appeared, along with Ron's 10 million shares, Tesla's stock price plummeted to 158 US dollars per share.

And it continued to decline.

This situation resulted in no takers for Ron's sell order.

The 155 US dollars per share sell order placed by Luofeng also found no buyers.

Because a third short-selling position emerged in the U.S. Stocks market.

The third financial institution offered 10 million shares at 154 US dollars, and within less than two minutes, an even lower price appeared.

A price of only 150 US dollars per share entered the market, and there were 18 million shares.

The sudden appearance of a large volume of sell orders, mostly below market price, made investors aware of the crisis.

Seeing this situation, Luofeng smirked coldly in his heart. Ron had tried to play tricks on him before, but now he found himself caught in his own game?

Although Luofeng didn't know exactly how many Tesla shares Ron had, judging by Ron's previous attitude, he determined Ron likely held quite a bit of Tesla's stock.

Luofeng sent out a message instructing, "Chen Ping, you two continue to push the price down, set it at 140 US dollars per share!

If someone follows our strategy, then keep pushing it down, directly set it to 130 US dollars per share!

If others continue to press, we'll go down to 120 US dollars.

But below 120 US dollars, there's no need to follow.

We'll just wait and see the results then!"

Upon hearing Luofeng's instructions, Chen Ping and Tong Tianlong began to act.

The original 155 US dollars price was modified to 140 US dollars, which was much lower than the market price.

Seeing the ever-changing situation in U.S. Stocks, Ron felt exhausted for the first time.

The current scenario seemed like Fengshun Investment was releasing false news, causing a price avalanche, but also looked like investment companies truly withdrew from the market, unable to support Tesla's stock price.

Ron did not rashly act; he planned to see if the 140 US dollar price could actually be traded.

In about fifteen minutes, the 20 million shares of Tesla stock put up by Fengshun Investment at 140 US dollars per share finally sold out.

Luofeng instructed Chen Ping, saying, "Continue to set another 20 million shares at 140 US dollars each!"

But this time they did not sell.

Because Tesla's stock fell to 142 US dollars, there's also been an influx of short sellers into the market, causing the seller market for Tesla to become quite cold.

Luofeng quickly made a decision.

Selling at 135 US dollars.

Although they decreased the selling price, still no one made a move.

Facing this situation, Luofeng had no choice but to further reduce the selling price to 130 US dollars.

After this price drop, Tesla's stock price also followed but not too quickly.

The 20 million shares Luofeng placed finally sold some at 130 US dollars, but only 9 million shares managed to sell.

The remaining 11 million shares just couldn't be sold.

"Boss Luo, should we further lower the price?

Currently, at 130 US dollars, we can't sell it!"

As the market price continued to decline, no one was buying.

Then everyone saw the situation clearly.

How could anyone be willing to buy Tesla stock under these conditions?

Unless the price drops low enough for investors to see benefits.

Luofeng began checking the situation regarding Tesla. Currently, the highest bid price is 128 US dollars, purchasing 4 million shares. The second highest is 127 US dollars, purchasing another 4 million shares.

The third highest is 125 US dollars, purchasing 10 million shares.

Luofeng pondered for a bit, currently having loaned 60 million shares of Tesla stocks from the brokerage, had already sold 49 million shares, leaving 11 million shares.

This is short selling. Suppose you borrow a stock from someone at 1 million US dollars per share, sold it at that price, you earn 1 million US dollars in cash; when the stock price falls to 500,000 US dollars each, you buy one back to return to the person who lent it to you, then you make a profit of 500,000 US dollars.

Luofeng: Clear out the buying orders at 128 US dollars and 127 US dollars, leaving the last 3 million shares for the 125 US dollars buying order.

In less than a minute.

All of Luofeng's shares were sold out.

Luofeng: There's nothing more today, let's rest early everyone!

Luofeng ended his communication with Chen Ping and others and started dialing Qin Dingguo, a personnel member of Sanjiaojiuliu.

"Good evening, Brother Luofeng, is there another activity?" Qin Dingguo said enthusiastically.

He was insightful, knowing he and Luofeng weren't in the same circle, and no intersection could happen without Luofeng approaching him for work, definitely nothing like catching up over drinks.

"There's a task for you to handle!" Luofeng replied.

"What task?"

"Starting tomorrow, go to the second-hand car market and start acquiring second-hand Model 3 cars. Then find a repair shop to disassemble all these second-hand cars and see what problems they have!" Luofeng instructed.

"It's Tesla, right?"

"Yes!"

"This car isn't very good!" Qin Dingguo commented, "The workmanship is poor, sound insulation is bad, the details are weak, rust issues on various parts are numerous, and the much-publicized autonomous driving is trash!"

"You know it that well?" Luofeng was surprised.

"I am a Model 3 owner myself!"

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