Tuesday 4 February 2020
Speculators who’ve bet against Tesla by “short-selling” its stock have already lost $8.3 billion this year, as its price surged Monday to reach a record-high, CNN reports. Such high losses can be attributed to the sheer number of $TSLA “short-sellers” out there. These investors borrow stock from a broker when they believe its overvalued, immediately sell it with the intention of re-buying at a lower price, and profit from the difference once they’ve been returned. According to data analysts S3 Partners, $TSLA has more short-sellers than any other U.S. stock, currently controlling more than 18 percent of the company’s publicly available…
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