Shorting tesla results in a tragic loss! Stock prices have risen by 17% for two consecutive days, leaving the short position with a floating loss of 3.5 billion US dollars.
Tesla's new car delivery report for the second quarter, released this week, is better than expected, which is bad news for short interest in the company. According to data from S3 Partners, the stock has risen about 17% in the two trading days since the delivery report was released in the second quarter, and Tesla's short sellers have lost approximately $3.5 billion at market prices. Looking at a longer period of time, Tesla's stock price has soared by more than 70% since it hit bottom in April this year, which has been painful for short sellers. Currently, Tesla's short interest accounts for 3.5% of its outstanding shares, with a short interest of 97 million shares and a nominal value of $22.4 billion.
AI Has 'The Hallmarks Of An Inflating Bubble,' Warns Veteran Wall Street Investor
Signs are emerging that the market boom surrounding artificial intelligence (AI) might be taking on the characteristics of a bubble.This warning comes from Wall Street veteran investor Ed Yardeni, Pre
10 Consumer Discretionary Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan
Nancy Pelosi Made Millions on NVIDIA Options – Here's Her Next Move
In the high-stakes world of congressional stock trading, few names have commanded as much attention as Nancy Pelosi and her husband Paul's financial maneuvers. Recently, disclosures from the former Speaker of the House revealed a continued focus on the tech sector, with substantial option trades in companies like
Is Musk missing? Will Tesla's investment in India turn out to be a failure?
According to media reports on Thursday, Tesla's investment plan in India may have stalled. The report states that Tesla's executive team has stopped contact with Indian government officials since CEO Musk postponed his visit to India in late April. The Indian government believes that Tesla is currently under financial pressure and will be unable to invest new funds in India in the short term. Previously, Tesla's global delivery volume had declined for two consecutive quarters while facing increased competition in the Chinese market. In April of this year, Tesla announced large-scale layoffs and its first new vehicle model Cybertruck has had slow capacity expansion. The new factory in Mexico is also under construction.
What Trump 2.0 or Biden 2.0 Could Mean for the Stock Market
President Biden is publicly showing no signs of stepping back and held a virtual meeting with governors on Wednesday to try to reassure them he's up to the job.
Swedish Carmaker Polestar Recalls Nearly 32,000 Units Of Its Best-Selling EV In US, Canada
Swedish EV brand Polestar Automotive (NASDAQ:PSNY) is recalling nearly 32,000 Polestar 2 vehicles in North America, including nearly 26,000 in the U.S. alone, citing issues that may prevent the rearview camera image from displaying.
Tesla CEO Elon Musk Laughs At Waymo Getting Flagged Down By Police For Driving Into Opposing Lanes Of Traffic: 'Comedy Writes Itself'
A driverless Waymo car's reaction to being pulled over by the police in Phoenix has Tesla Inc. CEO Elon Musk in splits.What Happened: Musk on Thursday responded to a video shared on X of a driverless
Tesla Rings Fourth Of July With $1,000 Discount For Military Personnel On New EV Purchases
EV giant Tesla Inc (NASDAQ:TSLA) is now attempting to woo military personnel into purchasing their cars by offering them $1,000 off on the purchase price of any of its cars but the Cybertruck.
Mustang Mach-E Drives Ford's Q2 EV Sales Ahead Of GM But It's Still Just A Fraction Of Elon Musk's Tesla
Dearborn-based automaker Ford Motor Co (NYSE:F) sold 23,957 EVs in the second quarter in the U.S., trumping rival General Motors Co's (NYSE:GM) EV sales but lagging behind EV giant Tesla Inc (NASDAQ:T
Tesla's Trillion-Dollar Potential Is Driven By AI, Says Wedbush Analyst Dan Ives: 'Most Undervalued AI Play In The Market'
Wedbush analyst Dan Ives has expressed his belief that Tesla Inc. (NASDAQ:TSLA) is significantly undervalued due to its AI potential and data-driven approach.
Tesla Stake Cut Defended By Gary Black, Says Strategy Shift 'Additive To Our Performance' — Mega Bull Highlights Positives, Negatives Of Elon Musk's Auto Company
Future Fund Managing Partner Gary Black has defended the decision to reduce the fund's stake in Tesla Inc. (NASDAQ:TSLA), citing a shift in investment strategy and the electric vehicle maker's perform
Nissan And Honda Play Tesla Catchup — Considering EV Charging Tie-Up To Boost Competitiveness
Nissan Motor Co., Ltd. (OTC:NSANY) and Honda Motor Co., Ltd. (NYSE:HMC) are contemplating a collaboration in the development of automotive software and EV charging infrastructure to enhance their comp
Nvidia, Koss Corp, Broadcom, Nio, Tesla: Why These 5 Stocks Are On Investors' Radars Today
On Wednesday, major U.S. indices showed mixed performance: the Dow Jones Industrial Average dipped slightly by 0.06% to 39,308, while the S&P 500 climbed 0.5% to 5,537.02, and the Nasdaq increased by
Cathie Wood's Ark Invest Dumps Another $3.25M Worth Of Tesla Shares Amid Searing Q2 Deliveries Rally
On Wednesday, Cathie Wood-led Ark Invest made a notable move by offloading a significant number of shares in Tesla Inc (NASDAQ:TSLA), despite the recent rally driven by the company's impressive second
Options Market Statistics: Nvidia Stock Rebounds Strongly After Brief Dip, Options Pop
News Highlights
'Congressional stock god' takes action! Pelosi purchases call options on Broadcom, 10,000 shares of Nvidia, sells Tesla and Visa.
Analysis shows that if Nvidia continues to perform well in the second half of the year, even if the increase is only half of that in the first half of the year, Pelosi's new purchase of 10,000 shares will bring her about $1 million in profits, which is more than five times her annual salary.
Soft data boosted expectations of interest rate cuts, the S&P and Nasdaq hit new highs, Tesla rose more than 7% at one point, while Nvidia reversed its losses to rise 4.6%, and American bonds boomed.
On the eve of USA Independence Day, several weak economic data published by USA increased signs of slow economic growth in USA and boosted expectations of a rate cut. For example, the USA June ISM Services index was 48.8, significantly below the expected 52.6, with the contraction rate reaching its fastest level in four years, reversing the trend of May's data, which rebounded to a nine-month high. At the same time, the increase in unemployment benefit claims and the unexpected ADP employment data showed a cooling labor market. In the week ending June 29th, the first-time jobless claims in USA rose to 238,000, hitting a new high since January of this year; and the USA June "small non-farm" ADP added 150,000 jobs.
Tesla's July 4th Plans In China: Elon Musk To Show Off Cybertruck, Optimus Bot At World AI Conference This Week
While America celebrates Independence Day on Thursday, Tesla Inc (NASDAQ:TSLA) is headed to China to show off its futuristic-looking Cybertruck, as well as the latest version of its Optimus bot at the
Lucid Stock Traded Higher On Wednesday: What Happened?
Lucid Group, Inc. (NASDAQ:LCID, NASDAQ:LCID) saw its shares rise on Wednesday, buoyed by positive market sentiment on continued strength after Tesla reported stronger-than-expected second-quarter deli