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 a financial analytics provider, Tesla's short interest is on the rise, and that's not good. Data compiled by S3 Partners found that short interest for Tesla has risen almost 30-percent in two months, and currently sits at $11.4 billion. But short interest is a measure of bets against a...
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According to Reuters, the Securities and Exchange Commission has subpoenaed Tesla Inc. regarding their plans to take the company private. Scrutiny from the SEC began after Tesla's CEO Elon Musk tweeted..