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Tesla short-sellers bank $ 1 billion in May profits



For Tesla's CEO Elon Musk has short-sellers, he says, "Do you want to sell shares?"

Investors have earned more than $ 1 billion in mark-to-market profits in May, according to data compiled by S3 Analytics. That total ranks as one of the most profitable months for short-sellers since 2016.

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Short-sellers have gained roughly $ 3.88 billion in on-paper profits in 2019, after the automaker posted losses in each of the last three fiscal years. Tesla is the second most shorted U.S. stock, trailing only Apple.

"Ihor Dusaniwsky, S3 Partners" Tesla's stock price wants to get back over $ 300 / share for shorts to be deeply in the red again and the threat of a short squeeze to be valid managing director of predictive analytics.

Tesla shares have fallen about 1

5 percent in May and roughly 40 percent since the start of 2019. The electric car maker reported In April, it delivered 63,000 vehicles in the first quarter, far below expectations of 76,000 deliveries. The company posted a $ 702 million loss for the quarter.

Ticker Security Last Change % Chg
TSLA TESLA INC. 205.08 – 0.28 -0.14%

Elon Musk's firm is therefore contending with safety concerns related to its "autopilot" technology. Tesla's flagship Model 3 sedans in March.

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Wall Street firm have hammered Tesla in recent days. Morgan Stanley said Tuesday that his shares could fall as low as $ 10 in his worst-case scenario, citing concerns that "Tesla has grown too big relative to near-term demand."


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