What a macaan day for short sellers.
...don't let the bears steal your shares!!!!!!
Tesla short sellers have been waiting patiently for a bloodbath like this. Even as the company's stock surged as much as 79% year-to-date through June 23, costing the speculators upwards of $5 billion, they hung tight.
Short interest actually reached a record high of $11 billion as recently mid-June before the traders pared the position slightly. As of Thursday, the measure still sat at nearly $9 billion, according to S3 data.
Tesla's stock price issues started in earnest on Wednesday, when Goldman Sachs said it sees the company's production levels plateauing. As a result, the firm cut its 12-month price target on Tesla from $190 to $180. That's roughly 40% below Thursday's trading price.
...don't let the bears steal your shares!!!!!!
Tesla short sellers have been waiting patiently for a bloodbath like this. Even as the company's stock surged as much as 79% year-to-date through June 23, costing the speculators upwards of $5 billion, they hung tight.
Short interest actually reached a record high of $11 billion as recently mid-June before the traders pared the position slightly. As of Thursday, the measure still sat at nearly $9 billion, according to S3 data.
Tesla's stock price issues started in earnest on Wednesday, when Goldman Sachs said it sees the company's production levels plateauing. As a result, the firm cut its 12-month price target on Tesla from $190 to $180. That's roughly 40% below Thursday's trading price.
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