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Tesla's $100 billion rally costs short sellers at least $1 billion
Yahoo Finance
Tesla's $100 billion rally costs short sellers at least $1 billion
Alexandra Semenova · Reporter
Fri, July 22, 2022 at 2:20 PM
A recent rally in Tesla shares (TSLA) has meant some serious pain for short-sellers who had enjoyed a successful spring betting against the electric carmaker.
Short-sellers betting against Tesla lost at least $1 billion on Thursday alone, according to data from S3 Partners, as the stock rallied 10% following the company's latest quarterly report.
Shares finished Thursday's session at $815.12, their highest close since May 6.
Tesla was little-changed on Friday afternoon amid a broader sell-off in tech stocks.
{snip}
Tesla's $100 billion rally costs short sellers at least $1 billion
Alexandra Semenova · Reporter
Fri, July 22, 2022 at 2:20 PM
A recent rally in Tesla shares (TSLA) has meant some serious pain for short-sellers who had enjoyed a successful spring betting against the electric carmaker.
Short-sellers betting against Tesla lost at least $1 billion on Thursday alone, according to data from S3 Partners, as the stock rallied 10% following the company's latest quarterly report.
Shares finished Thursday's session at $815.12, their highest close since May 6.
Tesla was little-changed on Friday afternoon amid a broader sell-off in tech stocks.
{snip}