Tesla is facing a $20B short bet on TSLA stock

July 10, 2020

Tesla, ticker symbol (TSLA) is facing a $20 billion short bet against its stock. This comes as no surprise after its stock rallied over the legendary $1000 per share area. Days after their legendary rally Elon Musk, Tesla’s CEO released Tesla short shorts at $69.420, poking fun at Tesla short-sellers who lost a lot of money betting against the stock.

An analyst at S3 Partners, a monetary fund said the following, “Tesla continues to be the largest equity short in the domestic market with $19.2 billion of short interest.” What this means for the stock is that it could face a lot of selling action, marking the price to go lower than recent times

Click here if you'd like to explore our used tesla listings or our used parts listings.