Tesla Shares Spike, Dealing Short-Sellers a $1.7 Billion Loss

(edited)

Tesla shares soared 16 percent today, a day after the electric car maker’s better-than-expected quarterly report, and financial analytics firm S3 Partners said short-sellers were slammed with $1.7 billion in paper losses on the day. S3 said the day’s losses pushed the aggregate year-to-date performance of short-sellers in Tesla into the red. Short-sellers aim to profit by selling borrowed shares, hoping to buy them back later at a lower price. Tesla is the most shorted U.S. stock.

https://uk.reuters.com/article/uk-tesla-results-shorts/tesla-shares-spike-dealing-short-sellers-a-1-7-billion-loss-idUKKBN1KN27L?rpc=401&

Edited by Adam Varga

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I’m not a betting man, but if I was, I would not bet against Elon/Tesla.

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Markets can remain irrational longer than you can remain solvent.

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I don’t see the bright side of this company in long term. 

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Tesla vs Wall Street expectations: 

Losses: $3.06 per share vs. $2.92 per share forecast by Thomson Reuters
Revenue: $4.00 billion vs. $3.92 billion forecast by Thomson Reuters

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4 hours ago, Stormysaga said:

Markets can remain irrational longer than you can remain solvent.

That's excellently put. The only way around this is becoming as irrational. Or maybe simply differently rational since it is painfully obvious The Bottom Line is no longer priority #1 for everyone in the world.

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