The Agony of the Tesla Bears: $8.4 Billion of Losses in Five Weeks

The Agony of the Tesla Bears: $8.4 Billion of Losses in Five Weeks
Share

Short sellers feel pain as the electric-car maker’s stock soars; ‘I got my butt kicked’

Fred Lande’s heart was pounding as he watched Tesla Inc. shares charge to an all-time high of $968.99 last week. It wasn’t because he was happy.

He’d bet thousands of dollars that the frantic rally that has more than tripled the price of the shares in just a few months was doomed to end, and soon. Concluding his gamble was wrong, he closed the options trade at a loss.

“Someone…

Source: Wall Street Journal

Submit a Comment