Tesla short sellers $2 billion in the red for June as shares soar
Wednesday, 13 June 2018 NEW YORK (Reuters) - The surging share price for automaker Tesla Inc this month has slammed short-sellers of the stock with more than $2 billion in losses on paper so far in June, according to financial analytics firm S3 Partners.
According to Reuters, Tesla CEO Elon Musk bought 72,500 shares of the company's common stock on Wednesday. In multiple transactions, Musk reportedly bought them at between $342.44 and $347.44 per share. Musk, who is the electric car maker’s largest shareholder already, now owns 33.74 million Tesla...
According to Business Insider, Stocks rose Monday as Wall Street shook off fears about rising rates and signs of slowing growth that have weighed on global markets this month.
Tech stocks were off to..
Tesla reported a surprise third-quarter profit on Wednesday. The electric-car maker said the Model 3 sedan was the "best-selling car in the US in terms of revenue." Tesla shares were up more than 10%..
Business Insider reports Blue Apron hit a record low of $1.50 a share on Tuesday. The meal-kit maker announced it was launching a pilot program for on-demand delivery. The pilot program would only be..
Credit: Wochit Business - Published
Tweets about this
Mark Bergen Tesla shorts picked the wrong T. https://t.co/7ud3K0Vmf5 2 days ago