As Tesla Rally Hurts Shorts, Fund Manager Says 'Fundamentals Of The EV Business Are Too Strong' And Elon Musk-Led Company 'Too Well Positioned' - Tesla (NASDAQ:TSLA)
benzinga.com • 589 days
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Tesla analysts are confident that the EV maker may have turned the corner at the end of the second quarter and is well positioned for solid performance in the near- to mid-term.
Original sourceAI Summary
TSLA stock rally accelerated post Q2 deliveries report. Hedge funds short interest in Tesla rose to 18%. Tesla shorts may have lost $3.5 billion post deliveries report. Analysts positive on Tesla's profit margins improvement. EV market facing bankruptcies; investor sentiment varied.
Market-Moving
- TSLA stock rally accelerated post Q2 deliveries report.
- Hedge funds short interest in Tesla rose to 18%.
- Tesla shorts may have lost $3.5 billion post deliveries report.
Key Facts
- TSLA stock rally accelerated post Q2 deliveries report.
- Hedge funds short interest in Tesla rose to 18%.
- Tesla shorts may have lost $3.5 billion post deliveries report.
- Analysts positive on Tesla's profit margins improvement.
- EV market facing bankruptcies; investor sentiment varied.