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...
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