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Tesla short sellers lost a collective $1.5 billion today
Posted on 1/30/20 at 4:35 pm
Posted on 1/30/20 at 4:35 pm
quote:
Investors betting against Elon Musk’s electric-auto maker Tesla collectively lost more than $1.5 on Thursday after its solid earnings, according to data firm S3 Analytics.
Tesla short sellers are now down more than $5.2 billion this year in mark-to-market losses after losing $2.89 billion in 2019.
Since the stock’s June low, Tesla shorts have covered 19.11 million shares, worth $11.1 billion, and are down $12.43 billion in mark-to-market losses.
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3
Posted on 1/30/20 at 6:41 pm to stout
I was stunned this morning when I saw the price at 630 on CNBC this morning. I remember when it was bouncing around the 200s. Hadn't been following super closely but wow.
Posted on 1/30/20 at 7:36 pm to stout
Never short into earnings..of course, it is not their money so what difference do they care?..I shorted twice AH and again this morning.
Posted on 1/31/20 at 1:48 pm to stout
Saw a great quote on twitter a couple days ago
"Do you want to be right, or do you want to make money?"
"Do you want to be right, or do you want to make money?"
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