Hedge Fund News From HedgeCo.Net

Tesla Buyout Would Add to Year of Pain for Short-sellers

(Reuters) It would be the ultimate black eye for short sellers. A buyout of electric carmaker Tesla Inc., led by entrepreneur CEO Elon Musk, would cap a painful ride for short sellers, who have amassed more than $13 billion in bets that the company will founder and deliver them a huge windfall. Instead, Tesla’s stock has surged more than 900 percent in five years, and this year alone losses have now topped $3 billion.

To read this article:

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply