Shorting Stocks To Short Shorts: Tesla's Cheeky 'S3XY' Fashion Option Now Redeemable With Referral Credits
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) customers can now purchase 'short shorts' by redeeming their referral credits. The shorts were introduced in 2020 as a response to skeptics who had bet against the company's success in the stock market. Tesla shares closed at $210.50 per share on Thursday and is up 94.7% year-to-date.
November 10, 2023 | 6:14 am
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POSITIVE IMPACT
Tesla's new product offering could potentially attract more customers and increase brand loyalty, which may have a positive impact on the company's stock price.
The introduction of a new product, especially one that has been highly anticipated, can often lead to increased customer interest and sales. This, in turn, can have a positive impact on a company's stock price. Given that Tesla's stock price has already been performing well, this new product offering could potentially provide an additional boost.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100