Tesla short sellers set to pocket about $1.4 billion in profits after stock slump
8 Articles
8 Articles
The shares of the electric vehicle manufacturer Tesla retreated close to 7% in Monday's stock exchange session in the Nasdaq, erasing nearly $70 billion in market capitalization.The decline occurs after its executive director, Elon Musk, who was an adviser to the U.S. president and friend, said he is forming a new U.S. political party, which provoked an angry response from President Donald Trump.The titles of the technology company fell 6.80% an…
Tesla Short Sellers Stand to Pocket $1.4B as Stock Slumps - Wall Street Pit
Tesla (TSLA) shares dropped 7.5% to $291.50 in early trading, yielding short sellers $1.4 billion in paper profits, driven by concerns over CEO Elon Musk’s focus following his announcement of a new U.S. political party. The stock’s 27% year-to-date decline, exacerbated by Musk’s public feud with President Trump and a…
Coverage Details
Bias Distribution
- 67% of the sources lean Left
To view factuality data please Upgrade to Premium