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 […]

Tesla surpasses General Motors to become most valuable U.S. automaker

Tesla Model S

It’s the first time in the modern era, that the most valuable U.S. automaker is not based in Detroit. Silicon Valley’s Tesla Inc surpassed General Motors on Monday to become the United States automaker with the largest market capitalization as the century-old car industry increases its dependence on software and advanced energy technology. Assisted by […]

Tencent Holdings deal with Tesla boosts Chinese presence in U.S. auto tech

Tencent Holdings Ltd

China’s Tencent Holdings Ltd has purchased a 5 percent stake in U.S. automaker Tesla for $1.78 billion, the most recent investment by a Chinese internet business in the potentially lucrative market for self-driving vehicles and associated services. Tencent’s investment, shown in a U.S. regulatory filing, offers Tesla with a deep-pocketed ally as it prepares to […]