Comment on Tesla short sellers have made $8.2 billion betting against Elon Musk's company this year as tech stocks crashed

hrobertson@businessinsider.com (Harry Robertson), Business Insider
Mon, 05/30/2022 - 8:06am

Tesla short sellers have made $8.2 billion betting against Elon Musk's company this year as tech stocks crashed

Elon Musk's Tesla has soared in recent years, but has tumbled around 30% in 2022.Justin Sullivan/Getty Images Short-sellers have made $8.2 billion betting against Tesla this year as tech stocks tumbled, according to new data. Investors racked up $62.5 billion betting against Nasdaq 100 companies in general, Ortex research found. It's a turnaround for short-sellers, who were burned by the surge in Tesla among others in 2020 and 2021. Short-sellers have made around $8.2 billion betting against Elon Musk's Tesla in 2022 so far, after years of bruising losses when the electric-vehicle maker's stock confounded expectations.They've also reaped rewards from this year's market sell-off more generally, making $62.5 billion in realized and unrealized gains on stocks in the tech-heavy Nasdaq 100 index.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Business News

  • Your guide to audio erotica apps and websites
    Mashable, Tuesday - 05/21/2024 - 10:50 AM

    If the videos on Pornhub don't do it for you, there's plenty of visual porn alternatives out there. But there's also an entire world separate from glossy high-production videos or homemade tapes: audio erotica. Interest in audio erotica has skyrocketed in the past few years, as have apps dedicated to it.

    More | Talk | Read It Later | Share
  • Get iOS 17.5.1 now to fix an iPhone bug that restores deleted photos
    Mashable, Tuesday - 05/21/2024 - 10:48 AM

    Apple has a fix for the iOS bug that was resurfacing deleted photos, including nudes. Following reports from iPhone and iPad users about the sudden reappearance of permanently deleted photos, Apple has issued an iOS 17.5.1 update to fix the bug. In the release notes, Apple said the update "provides important bug fixes and addresses a rare issue where photos that experienced database corruption could reappear in the Photos library even if they were deleted." SEE ALSO: Rumors of a sleeker iPhone circulate.

    More | Talk | Read It Later | Share
  • Where to pre-order the Sonos Ace headphones
    Mashable, Tuesday - 05/21/2024 - 10:41 AM

    PRE-ORDER NOW: Sonos has introduced their first pair of headphones, the Sonos Ace, which are available for preorder through Sonos as of May 21. The headphones cost $449 and will ship as soon as June 5. Where to preorder the Sonos Ace headphones Sonos Sonos Ace headphones $449 at Sonos Pre-order Now Sonos is breaking away from speakers — kind of.

    More | Talk | Read It Later | Share
  • Spruce up your space and score 30% off at The Home Depot
    Mashable, Tuesday - 05/21/2024 - 09:35 AM

    If you have big dreams of leveling up your digs for summer lounging but are tight on funds, you’re in luck. Not only can you nab up to 30% off rad furniture, kitchen stuff, and home décor through June 5 at The Home Depot, but you can also score an additional 10% off selected items May 23 through May 29 using code MEMORIAL10.

    More | Talk | Read It Later | Share
  • Sonos launches its first-ever headphones, the Sonos Ace
    Mashable, Tuesday - 05/21/2024 - 09:00 AM

    Sonos has finally ventured away from the realm of speakers. Not very far, though. On Tuesday, the company launched its first-ever pair of headphones, Sonos Ace. The headphones are exactly what you'd expect from Sonos: elegantly designed, with a focus on sound quality and connectivity with the rest of the company's ecosystem of devices. SEE ALSO: Sonos' new app has all your music on the Home screen For the sound part, we have to trust Sonos, as we haven't had a chance to try them out yet.

    More | Talk | Read It Later | Share
  • 'Paper Mario: The Thousand-Year Door' review: A straightforward and super-charming remake
    Mashable, Tuesday - 05/21/2024 - 09:00 AM

    Nintendo’s new Paper Mario: The Thousand-Year Door remake is unique in that it has a nearly unlimited capacity to make you smile, but it’ll similarly bum you the hell out. That has nothing to do with the quality of either the original GameCube game or its new gussied-up Switch remake, though.

    More | Talk | Read It Later | Share