Tesla short sellers lose $5.7B in 1 week. Stock is one of S&P 500 best performers - Finbold
$Tesla (TSLA.US)$ $BYD COMPANY (01211.HK)$ $NIO Inc (NIO.US)$ $XPeng (XPEV.US)$ The 1-week surge in Tesla stock has led to an estimated $5.7 billion in unrealized losses to short-sellers, with a potential for further increase as the company’s stock price continues to gain. Tesla stock has been one of the best performers in the whole of the S&P 500. Since July 2 and the release of the second-quarter delivery report, the stock added over 25% to its value, while the previous 30 days brought gains of over 45%.
My Take: In one Electrek article, the writer (Fred Lambart) quoted a comment that Elon Musk and Tesla shareholders "should not hate short sellers who have been good to the stock". The comment is defying common sense and misguiding the readers. First anyone with some financial knowledge will know that short selling is bad for a company and the shareholders. Buying back the stock will not solve the short selling problem but wasting cash for the wrong cause. Second the statement "Elon Musk was wasting time hating the short sellers" is not true. EM and the team are working tirelessly and wasting no time to increase productivity and the value of the company. The best way to discourage short selling is to make them lose money.
My Take: In one Electrek article, the writer (Fred Lambart) quoted a comment that Elon Musk and Tesla shareholders "should not hate short sellers who have been good to the stock". The comment is defying common sense and misguiding the readers. First anyone with some financial knowledge will know that short selling is bad for a company and the shareholders. Buying back the stock will not solve the short selling problem but wasting cash for the wrong cause. Second the statement "Elon Musk was wasting time hating the short sellers" is not true. EM and the team are working tirelessly and wasting no time to increase productivity and the value of the company. The best way to discourage short selling is to make them lose money.
Source:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Stellantis NV (STLA.US)$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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