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Tesla’s surging stock has cost short sellers $3 billion this month (TSLA)





Tesla stock price


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 >>>

Source:: BusinessInsider.Com

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