Tesla short-sellers sitting on $3.5 billion weekly profits: Ortex
Reuters
Published Feb 25, 2021 07:27AM ET
LONDON (Reuters) - Short-sellers are sitting on estimated profits of $3.5 billion from their bearish positions on Tesla (NASDAQ:TSLA) shares in the past seven days, as of Feb 23, data from financial analytics firm Ortex showed on Thursday.
The electric carmaker's shares slumped 17% the week through Wednesday off record high levels, as Bitcoin, in which Tesla invested $1.5 billion, pulled back sharply.
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Written By: Reuters
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