Tianxing and JPMorgan invested heavily in shorting the US stock index to ensure they don't lose their imminent profits.
Lu Liang discussed with Wilson, deciding to suppress Musk and Tesla to curb the index rebound.
At least before they clear their positions, they need to let the market know Musk is wrong, and they are right.
A global financial crisis still exists, and Musk's ideas can only represent himself.
Beijing time, early morning hours.
Under the control of JPMorgan Chase, Pu'er Research, together with Moody's and Fitch, three famous Wall Street research institutions, all downgraded Tesla's credit rating.
From a AAA rating recommendation to overweight, it was downgraded three levels to BBB, pointing out that Tesla's acquisition of Twitter was merely to resist General Motors' takeover, offering little benefit to its own business and posing a certain operational crisis, recommending a reduction in holding.
