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Tesla Stock Prices Plunge; Short Sellers Expected to Post Over $4 Billion in Book Profits in a Single Day
Svmuu News: According to data from MSX.COM, Tesla’s stock closed down more than 14%. This followed the company’s second-quarter earnings, which fell short of expectations, reigniting market concerns about its artificial intelligence (AI) and robotics ambitions.Ihor Dusaniwsky, managing director at S3 Partners, said this sell-off is expected to yield approximately $4.12 billion in single-day mark-to-market gains for investors betting on a decline in Tesla’s stock price. S3 data shows that about 3% of Tesla’s shares are shorted.
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Source：Odaily · Source Link
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