I hear ya, its like my TSLA shorts I only do it for 5-30 minutes at most. Majority of my plays are long plays, I just short some nose bleed stocks at there 252 some 504 highs, Knowing they will at some point give up 10-20%.
This one, I figure this I will hold short like I said just for a quick drop. I am gambling only news will be negative on it. I think Bernstein will come out with an in depth analysis at some point, because I am almost certain they will rate it as an investment at some point once washout happens.
So its a risk but, especially with TSLA being what it is, and the fact NIO has what 1-2 stores they have some serious $$ burn to open more and ramp up production, so more shares will hit the market at some point in next 6 months, and all I see until the washout is negative news. No analyst wroth their salt on the street will come out in favor of it, so I will roll the dice for quick short. Kinda repeating myself, sorry trying to say what wanted to and pay attention to screen..Good luck playing other side of fence have a twitter buddy that does the same on TSLA I play the short term short he the short term long.