Tesla short sellers lose more than $4 billion on EV-maker's post-earnings stock rally

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Tesla short sellers lose more than $4 billion on EV-maker's post-earnings stock rally

Yahoo Finance10-29

Tesla's (TSLA) post-earnings stock rally has cost short sellers billions. Tesla short sellers lost $4.2 billion in the two days following the EV maker’s third quarter earnings last Wednesday, ...

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romanc9
·10-29
See I told alot of them not to go against tesla..
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charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla short sellers lose more than $4 billion on EV-maker's post-earnings stock rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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Those beats helped Tesla stock notch its biggest single-day gain in a decade. The stock jumped 22% last Thursday, its best day since 2013, and shares rose another 3.3% Friday.Tesla’s stock performance has been volatile over the past month. Shares sank in early October as the automaker missed Wall Street estimates on its third-quarter deliveries, issued a recall, and discontinued a lower-priced model. Then, the stock rose in anticipation of Tesla’s robotaxi unveiling, only to fall sharply when the event failed to live up to hype.Tesla’s most recent rally last week comes despite mixed third quarter results. While Tesla beat Wall Street’s forecasts on its adjusted earnin","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉","TSLL":"Direxion Daily TSLA Bull 2X Shares"},"translate_title":"特斯拉卖空者因电动汽车制造商财报后股价上涨而损失超过40亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"TSLL":1},"content_text":"Tesla's (TSLA) post-earnings stock rally has cost short sellers billions.\nTesla short sellers lost $4.2 billion in the two days following the EV maker’s third quarter earnings last Wednesday, according to data from S3 Partners.\nTesla reported a higher-than-expected third quarter profit and improved margins after the bell Oct. 23. Those beats helped Tesla stock notch its biggest single-day gain in a decade. The stock jumped 22% last Thursday, its best day since 2013, and shares rose another 3.3% Friday.\nTesla stock was up roughly 1% on Monday.\nThis isn’t the first time this year that short sellers have paid dearly for betting against the Elon Musk-helmed company. In the week following Tesla’s better-than-feared fiscal first quarter earnings report in April, short sellers lost more than $5 billion.\nTesla’s stock performance has been volatile over the past month. Shares sank in early October as the automaker missed Wall Street estimates on its third-quarter deliveries, issued a recall, and discontinued a lower-priced model. Then, the stock rose in anticipation of Tesla’s robotaxi unveiling, only to fall sharply when the event failed to live up to hype.\nTesla’s most recent rally last week comes despite mixed third quarter results. While Tesla beat Wall Street’s forecasts on its adjusted earnings per share and gross margin, its quarterly revenue of $25.18 billion was lower than the $25.4 billion expected, according to Bloomberg consensus estimates.\nA slew of Wall Street analysts from Morgan Stanley (MS), Bank of America (BAC) and Deustche Bank (DB) to Wedbush, Cannacord Genuity and William Blair have reiterated their Buy ratings on Tesla stock following the report. \nBank of America also raised its price target on the stock to $265 from $255.\nThe firm's senior auto analyst John Murphy said on Yahoo Finance's Opening Bid podcast (video above) he is eyeing another price target hike on Tesla.\n\n\n\n  A row of Tesla superchargers is shown at a supercharging location in Los Angeles, California, U.S., June 5, 2024. REUTERS/Mike Blake\n \n\n  Reuters / Reuters\n \n\nWhile Tesla’s recent focus on its AI ambitions had left investors feeling skittish, Morgan Stanley analyst Adam Jonas said he was encouraged by Tesla's emphasis in its third quarter earnings call on revving up its auto business, which accounts for 80% of Tesla's revenue. Jonas pointed to CEO Elon Musk's comments about targeting 20% to 30% growth in electric vehicle deliveries in 2025 while focusing on lowering production costs.\n\"As investors struggle with the business model shift from auto to AI, this print reminds us growing the auto business profitably remains a high priority,\" Morgan Stanley's Adam Jonas wrote in a note to investors.\nMeanwhile, 20 of the 60 analysts covering the stock tracked by Bloomberg have a Hold rating on the stock and 15 analysts recommend selling shares. On average, they see shares falling to $228 over the next 12 months, according to Bloomberg consensus estimates.\nLaura Bratton is a reporter for Yahoo Finance. Follow her on X @LauraBratton5.\nClick here for the latest stock market news and in-depth analysis, including events that move stocks\nRead the latest financial and business news from Yahoo Finance","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":365081778991160,"gmtCreate":1730141632155,"gmtModify":1730141636315,"author":{"id":"4102495020619380","authorId":"4102495020619380","name":"romanc9","avatar":"https://static.tigerbbs.com/76bfe37245defa055adfff7453f1520f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"4102495020619380","authorIdStr":"4102495020619380"},"htmlText":"See I told alot of them not to go against tesla..&nbsp;","listText":"See I told alot of them not to go against tesla..&nbsp;","text":"See I told alot of them not to go against tesla..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365081778991160","repostId":2479343142,"repostType":2,"repost":{"id":"2479343142","pubTimestamp":1730132366,"share":"https://ttm.financial/m/news/2479343142?lang=&edition=fundamental","pubTime":"2024-10-29 00:19","market":"us","language":"en","title":"Tesla short sellers lose more than $4 billion on EV-maker's post-earnings stock rally","url":"https://stock-news.laohu8.com/highlight/detail?id=2479343142","media":"Yahoo Finance","summary":"Tesla's  post-earnings stock rally has cost short sellers billions.Tesla short sellers lost $4.2 billion in the two days following the EV maker’s third quarter earnings last Wednesday, according to data from S3 Partners.Tesla reported a higher-than-expected third quarter profit and improved margins after the bell Oct. 23. Those beats helped Tesla stock notch its biggest single-day gain in a decade. The stock jumped 22% last Thursday, its best day since 2013, and shares rose another 3.3% Friday.Tesla’s stock performance has been volatile over the past month. Shares sank in early October as the automaker missed Wall Street estimates on its third-quarter deliveries, issued a recall, and discontinued a lower-priced model. Then, the stock rose in anticipation of Tesla’s robotaxi unveiling, only to fall sharply when the event failed to live up to hype.Tesla’s most recent rally last week comes despite mixed third quarter results. While Tesla beat Wall Street’s forecasts on its adjusted earnin","content":"<html><body><p>Tesla's (TSLA) post-earnings stock rally has cost short sellers billions.</p>\n<p>Tesla short sellers lost $4.2 billion in the two days following the EV maker’s third quarter earnings last Wednesday, according to data from S3 Partners.</p>\n<p>Tesla reported a higher-than-expected third quarter profit and improved margins after the bell Oct. 23. Those beats helped Tesla stock notch its biggest single-day gain in a decade. The stock jumped 22% last Thursday, its best day since 2013, and shares rose another 3.3% Friday.</p>\n<p>Tesla stock was up roughly 1% on Monday.</p>\n<p>This isn’t the first time this year that short sellers have paid dearly for betting against the Elon Musk-helmed company. In the week following Tesla’s better-than-feared fiscal first quarter earnings report in April, short sellers lost more than $5 billion.</p>\n<p>Tesla’s stock performance has been volatile over the past month. Shares sank in early October as the automaker missed Wall Street estimates on its third-quarter deliveries, issued a recall, and discontinued a lower-priced model. Then, the stock rose in anticipation of Tesla’s robotaxi unveiling, only to fall sharply when the event failed to live up to hype.</p>\n<p>Tesla’s most recent rally last week comes despite mixed third quarter results. While Tesla beat Wall Street’s forecasts on its adjusted earnings per share and gross margin, its quarterly revenue of $25.18 billion was lower than the $25.4 billion expected, according to Bloomberg consensus estimates.</p>\n<p>A slew of Wall Street analysts from Morgan Stanley (MS), Bank of America (BAC) and Deustche Bank (DB) to Wedbush, Cannacord Genuity and William Blair have reiterated their Buy ratings on Tesla stock following the report. </p>\n<p>Bank of America also raised its price target on the stock to $265 from $255.</p>\n<p>The firm's senior auto analyst John Murphy said on Yahoo Finance's Opening Bid podcast (video above) he is eyeing another price target hike on Tesla.</p>\n<figure>\n<img src=\"https://s.yimg.com/os/creatr-uploaded-images/2024-10/0606fe40-953d-11ef-bdfe-d655a0a615d1\"/>\n<figcaption>\n  A row of Tesla superchargers is shown at a supercharging location in Los Angeles, California, U.S., June 5, 2024. REUTERS/Mike Blake\n </figcaption>\n<div>\n  Reuters / Reuters\n </div>\n</figure>\n<p>While Tesla’s recent focus on its AI ambitions had left investors feeling skittish, Morgan Stanley analyst Adam Jonas said he was encouraged by Tesla's emphasis in its third quarter earnings call on revving up its auto business, which accounts for 80% of Tesla's revenue. Jonas pointed to CEO Elon Musk's comments about targeting 20% to 30% growth in electric vehicle deliveries in 2025 while focusing on lowering production costs.</p>\n<p>\"As investors struggle with the business model shift from auto to AI, this print reminds us growing the auto business profitably remains a high priority,\" Morgan Stanley's Adam Jonas wrote in a note to investors.</p>\n<p>Meanwhile, 20 of the 60 analysts covering the stock tracked by Bloomberg have a Hold rating on the stock and 15 analysts recommend selling shares. On average, they see shares falling to $228 over the next 12 months, according to Bloomberg consensus estimates.</p>\n<p><em>Laura Bratton is a reporter for Yahoo Finance. Follow her on X @LauraBratton5.</em></p>\n<p><strong>Click here for the latest stock market news and in-depth analysis, including events that move stocks</strong></p>\n<p><strong>Read the latest financial and business news from Yahoo Finance</strong></p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla short sellers lose more than $4 billion on EV-maker's post-earnings stock rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla short sellers lose more than $4 billion on EV-maker's post-earnings stock rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-29 00:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-short-sellers-lose-more-than-4-billion-on-ev-makers-post-earnings-stock-rally-161926957.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla's (TSLA) post-earnings stock rally has cost short sellers billions.\nTesla short sellers lost $4.2 billion in the two days following the EV maker’s third quarter earnings last Wednesday, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-short-sellers-lose-more-than-4-billion-on-ev-makers-post-earnings-stock-rally-161926957.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/U7hTkKZDAvEarhKmV.hbTA--~B/aD0zNjUzO3c9NTQ3OTthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-10/0606fe40-953d-11ef-bdfe-d655a0a615d1","relate_stocks":{"TSLA":"特斯拉","TSLL":"Direxion Daily TSLA Bull 2X Shares"},"source_url":"https://finance.yahoo.com/news/tesla-short-sellers-lose-more-than-4-billion-on-ev-makers-post-earnings-stock-rally-161926957.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2479343142","content_text":"Tesla's (TSLA) post-earnings stock rally has cost short sellers billions.\nTesla short sellers lost $4.2 billion in the two days following the EV maker’s third quarter earnings last Wednesday, according to data from S3 Partners.\nTesla reported a higher-than-expected third quarter profit and improved margins after the bell Oct. 23. Those beats helped Tesla stock notch its biggest single-day gain in a decade. The stock jumped 22% last Thursday, its best day since 2013, and shares rose another 3.3% Friday.\nTesla stock was up roughly 1% on Monday.\nThis isn’t the first time this year that short sellers have paid dearly for betting against the Elon Musk-helmed company. In the week following Tesla’s better-than-feared fiscal first quarter earnings report in April, short sellers lost more than $5 billion.\nTesla’s stock performance has been volatile over the past month. Shares sank in early October as the automaker missed Wall Street estimates on its third-quarter deliveries, issued a recall, and discontinued a lower-priced model. Then, the stock rose in anticipation of Tesla’s robotaxi unveiling, only to fall sharply when the event failed to live up to hype.\nTesla’s most recent rally last week comes despite mixed third quarter results. While Tesla beat Wall Street’s forecasts on its adjusted earnings per share and gross margin, its quarterly revenue of $25.18 billion was lower than the $25.4 billion expected, according to Bloomberg consensus estimates.\nA slew of Wall Street analysts from Morgan Stanley (MS), Bank of America (BAC) and Deustche Bank (DB) to Wedbush, Cannacord Genuity and William Blair have reiterated their Buy ratings on Tesla stock following the report. \nBank of America also raised its price target on the stock to $265 from $255.\nThe firm's senior auto analyst John Murphy said on Yahoo Finance's Opening Bid podcast (video above) he is eyeing another price target hike on Tesla.\n\n\n\n  A row of Tesla superchargers is shown at a supercharging location in Los Angeles, California, U.S., June 5, 2024. REUTERS/Mike Blake\n \n\n  Reuters / Reuters\n \n\nWhile Tesla’s recent focus on its AI ambitions had left investors feeling skittish, Morgan Stanley analyst Adam Jonas said he was encouraged by Tesla's emphasis in its third quarter earnings call on revving up its auto business, which accounts for 80% of Tesla's revenue. Jonas pointed to CEO Elon Musk's comments about targeting 20% to 30% growth in electric vehicle deliveries in 2025 while focusing on lowering production costs.\n\"As investors struggle with the business model shift from auto to AI, this print reminds us growing the auto business profitably remains a high priority,\" Morgan Stanley's Adam Jonas wrote in a note to investors.\nMeanwhile, 20 of the 60 analysts covering the stock tracked by Bloomberg have a Hold rating on the stock and 15 analysts recommend selling shares. On average, they see shares falling to $228 over the next 12 months, according to Bloomberg consensus estimates.\nLaura Bratton is a reporter for Yahoo Finance. Follow her on X @LauraBratton5.\nClick here for the latest stock market news and in-depth analysis, including events that move stocks\nRead the latest financial and business news from Yahoo Finance","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}