Tesla short sellers lost $3.5B in 2 days trading after Q2 deliveries report
$Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ The article reported that with the shares rallying 17% in the two trading days since the second-quarter report, short sellers have lost an estimated $3.5 billion on a mark-to- market basis, according to data from S3 Partners.
My Take: Elon Musk has made a stern warning to Tesla short sellers - You'll be obliterated!
The comments from X.com in response to Saywer's post are warning to Tesla short sellers may lose more:
Model Y Maniac: Better than the Tesla short sellers losing billions is that those billions went to enrich Tesla bulls.
Innotiva: Tesla still has the highest short interest, right? Please continue shorting it. The RSI is over 80. It's a risky stock. Keep shorting at least until 8/8. Let's see who wins.
Predo Cortes: And they will lose more billions if they don't start covering their positions soon.
$Tesla(TSLA.US$ up 2.48% in the overnight market today hitting 258 USD at high:
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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