Tesla has been in the news recently, delivering its first Model 3 mass-market vehicles and reporting 2Q17 results over the past month. Tesla is a company that motivates debate. Yearto-date, the share is up 65%. However, despite this, its short interest (or percentage of equity float that has been sold short by investors) is 22%. Bears can point to the lack of profitability, high degree of debt, capital intensity and oncoming barrage of competition from larger automakers as reasons. Bulls, on the other hand, can point to the unprecedented demand for the vehicles, CEO Elon Musk’s entrepreneurial track record, the world’s move to clean energy and the argument that the business is a technology play rather than an automaker.