AIET Techabout 2 hours ago
Tesla short sellers net $4 billion profit
2 min read
Tesla short sellers are poised to make about $4.12 billion in one-day mark-to-market profits after shares fell as much as 15% on Thursday, their worst intraday drop in over a year. The plunge followed second-quarter profit that missed expectations, reigniting concerns about the company's AI and robotics ambitions. About 3% of Tesla's shares are sold short.
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