China Legal Blog
Aggregated China Law Information
Tesla short-sellers reap $17B windfall during Elon Musk company’s worst year ever
Aggregated Source: ChinaLegalBlog.com

Tesla’s unprecedented stock struggles during CEO Elon Musk’s Twitter takeover have been a major boon to the automaker many short sellers, according to market data published Thursday.

Investors who bet against Tesla’s stock are set to earn a whopping $17 billion in mark-to-market profits this year, Bloomberg reported, citing data from analytics firm S3 Partners Research.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.

Original URL: Click here to visit original article