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Tesla short-sellers lost $1.4 billion after strong 3Q earnings report - Business Insider

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Tesla short-sellers lost $1.4 billion after the company reported a surprise profit — erasing 70% of their gains for the year

According to data from financial-analytics provider S3 Partners, Tesla short-sellers absorbed $1.4 billion in mark-to-market losses after shares ralliedThe gains wiped out close to 70% of Tesla short-sellers' profits for the year, S3 wrote in a research note Thursday. Traders betting against Tesla got clobbered Thursday after the company posted an unexpected profit for the third quarter.

With about $8.31 billion in short interest, Tesla is the second-most shorted stock in the US equity market behindOver the last month, Tesla short interest has fallen by 5.12 million shares, or about 13.6% of total shares shorted, S3 added.

 

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Take That!

Ha, elonmusk played the short sellers. Well played.

&

Take this!!!

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