Description
Added on the 02/01/2021 11:08:48 - Copyright : Wochit
Tesla short-sellers saw $38 billion in mark-to-market losses throughout 2020, Bloomberg reported Thursday, citing S3 Partners data. Short interest in the company's shares plunged to less than 6% of Tesla's float from nearly 20% at the start of last year. The losses trounce the $2.9 billion total seen in 2019 and come on the back of Tesla's 740% surge over the past 12 months. Investors betting against Tesla lost billions last year, as the automaker's shares leaped above nearly all estimates.
Tesla reported its best quarterly profit on Wednesday. According to CNN, shares of Tesla (TSLA) climbed again in after-hours trading on the earnings report. The auto manufacturer said it hopes to hit its target of half a million car sales this year. The positive report and high target came as good news to investors in the stock, which has gained more than 400%. There had been doubts that Tesla could achieve its goal of delivering 500,000 due to the Covid-19 pandemic.
The streets are quiet on Sunday in Shanghai as China reports 13,146 Covid cases, the highest since the peak of the first wave more than two years ago. IMAGES
At the National Federation of Farmers' Unions (FNSEA) congress, French Communist presidential candidate Fabien Roussel says he wants 500,000 farmers by 2030, i.e. 20,000 to 25,000 installations per year, "to meet the food challenge as well as the agro-ecological challenge". IMAGES
|
Support : Technical 
- Content 
- Editors 
