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Added on the 04/04/2019 09:57:02 - 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.
Concerns over regulatory and tax risks pushed companies to abandon merger and acquisition deals. Fred Katayama reports.
Luxury electric car maker Tesla posted a fourth quarter loss. Its operating expenses soared during the quarter. Optimistic outlook for 2015. Shartia Brantley reports.
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