Tesla short sellers lose nearly $5.5 billion over four days, S3 Partner says

Explore stories from Atlantic Canada.

Two accused teenagers to remain in custody for at least two more weeks | SaltWire #newsupdate #news - Investors who bet against Tesla stock have lost $5.5 billion in the four sessions since the electric car maker promised more affordable cars, according to data from S3 Partners.

Still, with the company's shares down nearly 20% for 2024, profits booked by bearish Tesla investors stand at $4.10 billion for the year so far. A short squeeze happens when these investors are forced to quickly cover their bets to limit losses if a stock gains ground instead of falling.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Every kid needs to be fed’: The case for a universal, affordable (and sometimes free) school lunch programExplore stories from Atlantic Canada.
Read more »

‘I’m not going in the water, I’m not dying,’ thought woman as her car got caught in landslide on Riverside Drive in Corner BrookExplore stories from Atlantic Canada.
Read more »

UPEI undergrad tuition climbing five per cent as part of $183 million budgetExplore stories from Atlantic Canada.
Read more »

Rumours of threat at Sussex high school 'unfounded': RCMPExplore stories from Atlantic Canada.
Read more »

Lake Utopia residents 'on pins and needles' as water rose during rainsExplore stories from Atlantic Canada.
Read more »

Trudeau pledges investigation into mistreatment of Mi’kmaw eel fishermen by DFOExplore stories from Atlantic Canada.
Read more »