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Tesla Shorts Were Profitable This Year Until Shareholders Approved Musk's Pay Package, Expert Says

Benzinga ·  16:56

Shares of$Tesla (TSLA.US)$soared on Tuesday after the company beat consensus estimates for second-quarter deliveries.

The news could be good for investors and bad for short sellers.

What Happened:Tesla continues to be a popular stock to short for investors, with some betting against a lofty valuation compared to other automotive companies, while others are betting against CEOElon Musk.

Short interest in Tesla currently stands at $21.11 billion with 100.30 million shares shorted, according to data fromS3 Partnersshared with Benzinga.

Tesla ranks as the fourth most shorted stock in the U.S. markets behind$NVIDIA (NVDA.US)$,A$Apple (AAPL.US)$and$Microsoft (MSFT.US)$...

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