Tesla unsupervised rides fall from 69 to 3 over three weeks, Gordon Johnson notes

Tesla unsupervised rides fall from 69 to 3 over three weeks, Gordon Johnson notes
Tesla unsupervised rides sharply decline

Gordon Johnson, CEO / Analyst at GLJ Research, questions the sharp decline in unsupervised rides reported by Tesla following a surge during the week of April 20, which coincided with earnings week.

Johnson points out that rides fell from 69 that week to 30 the week of April 27, and just 3 in the current week, raising concerns about whether the initial spike was temporary or influenced by other factors.

Johnson previously highlighted the TSLA put/call open interest ratio holding near 0.72x and noted the absence of a historic volume dip in options trading, according to a recent market observation. He has also warned that Tesla could face a significant loss in valuation after Elon Musk acknowledged Full Self-Driving is not yet ready, as reported in an earlier article. These points have formed the backdrop for his current scrutiny of Tesla's reported unsupervised ride activity.

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