Tesla's Stock Surges 233%, First Stock With $20 Billion Short Bet
- 4 years ago
According to Markets Insider, Tesla is in the position to become the first company to have a $20 billion bet against it by short-sellers.
This is based on data from the financial analytics firm, S3 partners.
So far, Tesla's stock shot up by 233% this year.
The value of Tesla shares that have sold short climbed to $19.95 billion
Tesla could also soon see a short squeeze, shooting it's stock prices up higher.
A short squeeze happens when short-sellers must close their positions because a stock's price has gotten too high.
The electric car company has also kept its ranking as the largest equity short in the U.S. market.
This is based on data from the financial analytics firm, S3 partners.
So far, Tesla's stock shot up by 233% this year.
The value of Tesla shares that have sold short climbed to $19.95 billion
Tesla could also soon see a short squeeze, shooting it's stock prices up higher.
A short squeeze happens when short-sellers must close their positions because a stock's price has gotten too high.
The electric car company has also kept its ranking as the largest equity short in the U.S. market.