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Tesla short sellers $2 billion in the red for June as shares soar

Reuters India Wednesday, 13 June 2018
Tesla short sellers $2 billion in the red for June as shares soarNEW 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.
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News video: Elon Musk Purchases Over 70,000 Shares Of Tesla

▶ Elon Musk Purchases Over 70,000 Shares Of Tesla 00:44

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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