Tag: short selling
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‘Big Short’ investor Michael Burry says Tesla isn’t GameStop – and Wall Street Bets shouldn’t be taken down
"The Big Short" investor Michael Burry. Jim Spellman / Getty Images “The Big Short” investor Michael Burry brought a line between Tesla and GameStop on Wednesday.Burry, who’s shorting the automaker, flagged its reliance regulatory credits in an now-deleted tweet.The Scion Asset Management boss said shutting down Wall Street Bets would be incorrect, and called for…
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Tesla short-sellers lost $38 billion throughout the automaker’s colossal 2020 rally
Elon Musk. Maja Hitij/Getty Images 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…