Financial News
Short Sellers Got Fingers Burnt by Betting Against Tesla
Tesla Inc. (NASDAQ: TSLA) defied expectations of poor performance in 2023 and cost short sellers who bet on its shares falling a combined $12.2 billion. Short sellers lost more money on Tesla compared to any other company last year as the Texas-based EV maker broke its annual sales records and delivered 1.81 million electric vehicles.
Market analytics company S3 Partners estimates that rather than decline, Tesla’s shares increased by more than two times through the course of…
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