Little Sleep… I Was Active Last Night

* Shorting SPY and Tesla

* I covered all my $SPY short (for a more than +$6 profit) and only one third of my $TSLA short (for a +$15 profit) 

After the company’s EPS release I shorted Tesla shares at $394.34:

Taking a Small Short in Tesla

After a quick look at the EPS release (revenues in line) I am taking a small trading short rental in Tesla (TSLA) at $394.34.

This is a low conviction trade.

Position: Short TSLA (S)

BY Doug Kass · Oct 21, 2026, 4:12 PM EDT

I covered one third of the short position for a +$15 profit:

My Comment of the Day (Part Deux)

Dougie Kass

I have a quick $15 profit in my short of Tesla and I am taking off one third of the position.

Position: Short TSLA (S)

BY Doug Kass · Oct 21, 2026, 5:58 PM EDT

The shares are trading in the premarket under $370. Though I have more than a +$24/share gain I am sticking with the balance of my short position.

More later.

Position: Short TSLA (S)

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Posted by Doug Kass

Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.

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