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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.
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.
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.
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