Tesla Short Sellers Lose Over $5 Billion in Days

Tuesday, 30 April 2024, 17:15
Tesla's short sellers have faced significant losses exceeding $5 billion in just five days as the EV giant's stock rallied nearly 40%. The approval of Tesla's full self-driving autonomous software in China has been a major regulatory milestone, enhancing the company's position in the Chinese EV market. Investor sentiments continue to be positive, backed by Elon Musk's ambitious plans to invest around $10 billion in AI technology for Tesla.
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Tesla Short Sellers Lose Over $5 Billion in Days

Regulatory milestones in China

Tesla's approval to deploy full self-driving autonomous software in China signifies regulatory progress and market expansion.

Market response and investor sentiments

Investor confidence in Tesla's growth is evident from the recent surge in Tesla's stock price.

Analyst perspectives and market dynamics

Analysts have diverse views on Tesla's future trajectory, with regulatory approvals and strategic initiatives shaping market optimism.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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