Yahoo Finance (admittedly not the most reputable) is now estimating that Tesla shorts have so far suffered 3 Billion in losses over the last 3 days. Those are real losses not just stock up and downs. So that might be 15 billion so far in losing against Tesla. Maybe the rest of it will go up in smoke soon. And soon we will see it with a higher stock value than GM, which absolutely should be the case. Here is a good recap of why it should be the case: https://cleantechnica.com/2018/06/11/advantage-tesla/ Also for the layoffs note that none of those are coming from the the production associates but from salaried positions. Not also the supposed reason is redundancy that came with fast growth and proving profitability to catalyze grown in EVs. Also most interesting is the stated desire to further flatten the company.
Perhaps the article you meant to post: https://cleantechnica.com/2018/04/23/tesla-tsla-still-a-dramatically-shorted-stock-cleantechnica-exclusive/ From April 2017, a year ago: https://cleantechnica.com/2017/05/03/tesla-short-sellers-lost-3-7-billion-2017-far/ They also reference: https://www.reuters.com/article/us-tesla-stocks-idUSKBN17Y29O Then there was this report: https://www.valuewalk.com/2017/04/greenlight-capital-short-tsla/?all=1 I'm not sure if we're seeing recent news since this these articles date from late April, 2017. Perhaps the 'shorts' have been taking in the pants for over a year? Bob Wilson
It was a Yahoo finance article estimating 3 billion in losses even as of Tuesday. Sorry I didn't put the link up. Not pro Yahoo for anything, but there were articles today by the captured media trying to claim the losses were only 2 billion so far, I think they are possibly radically understating it. If you look at where are today relative to Tuesday we don't have that far to go to get into record territory which would eat all of the short yardage up.
