(TSLA) shares zoomed toward their highest level in months after the Silicon Valley car maker surprised Wall Street with a quarterly profit, but at least one corner of the equity market was licking its wounds this week. Tesla (ticker: TSLA) short sellers were in for about $1.4 billion in paper losses post third-quarter earnings, S3 Partners, a financial technology and analytics firm, said in a note. Before the rally, short sellers, who bet on a stock falling in price, were up more than $2 billion in mark-to-market profits. Read More...
(TSLA) shares zoomed toward their highest level in months after the Silicon Valley car maker surprised Wall Street with a quarterly profit, but at least one corner of the equity market was licking its wounds this week. Tesla (ticker: TSLA) short sellers were in for about $1.4 billion in paper losses post third-quarter earnings, S3 Partners, a financial technology and analytics firm, said in a note. Before the rally, short sellers, who bet on a stock falling in price, were up more than $2 billion in mark-to-market profits.
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