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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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Tweets about this


Mark Bergen Tesla shorts picked the wrong T. 2 days ago


ABetterSarahHuckabeeSanders @elonmusk '#Tesla short sellers reportedly made about $1 billion that day' $TSLA AHAHAHA Jesus..........'SEC is inv… 1 week ago


HBB Accountants Elon Musk's attack on Tesla short sellers made them a profit of more than half a billion dollars in one day, analysis suggests. 1 week ago


TraderFloridasFIL RT @electric_road: @elonMusk @tesla I wrote this article to debunk misconceptions likely to arise from the New York… 1 week ago


MikeSmith @elonmusk @MebFaber Does anyone here get the irony of Elon suggesting the short sellers have hurt Tesla's valuation… 1 week ago

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