Tesla shares soars, dealing short-sellers a $1.7 billion loss

Tesla Inc logo

Tesla Inc shares soared 16 percent on Thursday, a day after the automaker’s better-than-expected quarterly report, and financial expert firm S3 Partners stated short-sellers were slammed with $1.7 billion in paper losses on the day. S3 stated the day’s losses pushed the aggregate year-to-date performance of short-sellers in automaker into the red. Short-sellers aim to […]

Tesla is most difficult stock for short sellers in this year

Tesla Inc logo

Traders short selling Tesla’s skyrocketing stock have lost $3.7 billion in 2017, eclipsing the combined losses of traders shorting Apple, Amazon and Netflix. The Palo Alto, California, company’s stock has ended up being a battlefield between investors wagering CEO Elon Musk will transform the auto market and skeptics who question his aggressive production targets. Those […]