$Tesla Motors(TSLA)$ 17.6% of -To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Tesla Motors(TSLA)$

17.6% of hedge funds are now shorting Tesla, $TSLA, the highest share in over a year.

This is up from 13.9% recorded three months ago, according to Hazeltree which tracks over 500 funds.

Last week, Tesla's short sellers lost $3.5 billion in just 2 days the company beat expectations for Q2 2024 vehicle deliveries.

Since the April 2024 low, the stock is up almost 80% and added ~$350 billion in market cap.

It is now up 1% year-to-date after initially falling 42% in the first 4 months.

Incredible turnaround.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Onglie
07-10
Onglie
[Sly] [Sly] [Sly] [Sly] [Sly]
JTtt
07-10
JTtt
Great article, would you like to share it?
AuntieAaA
07-10
AuntieAaA
GOOD

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