EXCLUSIVE: Tesla Shorts Were Profitable This Year Until Shareholders Approved Musk's Pay Package, Expert Says
Portfolio Pulse from Chris Katje
Tesla shares surged after beating Q2 delivery estimates, causing short sellers to incur significant losses. Short interest in Tesla remains high, but recent gains have led to short covering. Tesla is the fourth most shorted stock in the U.S., behind NVIDIA, Apple, and Microsoft.
July 02, 2024 | 8:51 pm
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POSITIVE IMPACT
Tesla shares surged over 10% after beating Q2 delivery estimates, causing short sellers to incur significant losses. Short interest remains high, but recent gains have led to short covering.
Tesla's strong Q2 delivery performance has led to a significant increase in its stock price, causing short sellers to incur losses and cover their positions. This positive momentum is likely to continue in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Apple is the second most shorted stock in the U.S. markets, following NVIDIA. The high short interest suggests bearish sentiment among investors.
Apple is mentioned as the second most shorted stock, but the article's primary focus is on Tesla. The impact on Apple's stock price is neutral in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Microsoft is the third most shorted stock in the U.S. markets, behind NVIDIA and Apple. The high short interest indicates bearish sentiment among investors.
Microsoft is mentioned as the third most shorted stock, but the article's primary focus is on Tesla. The impact on Microsoft's stock price is neutral in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
NVIDIA is the most shorted stock in the U.S. markets, ahead of Tesla. The high short interest indicates significant bearish sentiment among investors.
While NVIDIA is mentioned as the most shorted stock, the article primarily focuses on Tesla. The impact on NVIDIA's stock price is neutral in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50