Tesla short sellers have made $11.5 billion profit this year | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Here’s more bad news for Tesla CEO Elon Musk — as if he needs any.

Investors who took short positions in Tesla stock have made an $11.5 billion profit so far this year, according to Wall Street analytics firm S3 Partners, as Tesla shares lost about half their value. That’s a nearly 60% return on the $19.6 billion invested in short positions on Tesla this year. And it’s a nearly 180-degree reversal in how they did in 2021, when their short positions resulted in a combined $10.3 billion loss, after Tesla shares rose 50%. And let’s not forget the $40.

2 behind only Apple\n \n , which has short positions of about $17 billion. But while Apple\n \n shares have also dropped, those shorting its shares have made a far more modest $3.7 billion this year, according to S3. No CEO likes investors who short their stock, but Musk seems to be particularly angered by them.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The Evil man Tormenting Kaduna State in Nigeria his name is Nasir El Rufai elrufai

Please someone should help me with information on how to join the US🇺🇸 AirForce 🙏

Elon must pŕepare to build flying car, just like j. Fox's car

Hello? The entire market is down... Any guesses as to why?

Merry Christmas 🎄!!! 😝

How’d those layoffs go, CNN?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in BUSİNESS

Business Business Latest News, Business Business Headlines