Research Notes: Tesla, MediaAlpha And Progyny

We update two successful short ideas, and try to figure out what to do with fertility stock PGNY

⚡ Highlights:

• We provide an update on our MediaAlpha short after a steep and unexpected plunge sent the stock to new lows.

• Why Tesla earnings validate the short case and what we think comes next.

• A detailed look at fertility specialist Progyny which grew revenue 57% in 2022.

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