If You Invested $1,000 In Tesla Stock When Bill Gates Shorted, Here's How Much You'd Have Now
Portfolio Pulse from Chris Katje
Elon Musk confirmed that Bill Gates had a short position on Tesla (TSLA) stock. Despite Tesla's shares falling over 60% in 2022, an investor who bet against Gates and invested $1,000 in Tesla when Musk revealed Gates' short position would have seen a 4.3% return, with the investment worth $1,043.27 today. The return could have been as high as 53.3% if the investment was timed correctly.
July 05, 2023 | 6:27 pm
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NEUTRAL IMPACT
Despite a significant drop in Tesla's share price in 2022, investors who bet against Bill Gates' short position could have seen a return on their investment. The timing of the investment would have significantly influenced the return.
The news confirms that Bill Gates had a short position on Tesla, which could have influenced some investors to bet against him. Despite Tesla's shares falling significantly in 2022, those who did so could have seen a return on their investment. However, the timing of the investment would have significantly influenced the return, indicating that the news could have both positive and negative impacts on Tesla's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100