Tesla’s surging stock has cost short sellers $3 billion this month (TSLA)
|08/09/2018||Posted by BusinessMediaguide.Com under General World News||
- Despite the surge in its stock price, Tesla remains the most shorted US equity.
- Investors betting against Tesla have lost $3 billion in August alone.
- Follow Tesla’s stock price in real-time here.
The “short burn of the century” that Tesla CEO Elon Musk promised back in May may have finally happened.
Tesla’s 27% surge this month, fueled by Musk’s cryptic tweet Tuesday about taking the company private at $420 a share, has cost short sellers — the investors betting against Tesla’s stock — at least $3 billion, according to data from the financial-analytics firm S3 Partners.
Still, it remains the read more >>>