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-0.000465308654740996 -0.000103401923275826 0.000413607693103009 0.00139592596422284 0.000517009616378835 5.17009616378394E-05 0.00242994519698066 0.00103401923275767
Stock impact report

Tesla short-sellers lose more than $5B during late-April rally - S3 Partners [Seeking Alpha]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: Seeking Alpha
Elon Musk's EV maker has seen a price surge after the company said it plans to add a cheaper model to its existing lineup. The stock has shot up more than 30% since the close of trade on April 23, including a 15% rise on Monday. The stock lit up after Tesla's Chief Executive Elon Musk said during the company's earnings conference that it plans to launch a more affordable electric vehicle model that can be produced on its current manufacturing lines. “The recent rally in its stock price has taken a large chunk out of short sellers' year-to-date profits with shorts down -$5.38 billion in losses since April 24th,” Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, said in an emailed note. Data about losses to short-sellers was first reported by Reuters Tesla's ( TSLA ) rally included Monday's 15% climb, set off after Musk, during a surprise visit to China, said the company was expanding its partnership with search heavyweight Baidu BIDU ) as Tesla works on r Show less Read more
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