Elon Musk and Tesla Stock Growth

Skeptics who bet on a decline in Tesla's position lost $1.33 billion yesterday. StockThe tech giant's shares rose again this week, up more than 8%, setting a new price record of $1,228.

If you were Elon Musk, you'd probably alreadywould study the menu of the most expensive Michelin-starred restaurant to celebrate another victory. But if you're a short seller, you're probably tearing your hair out. 

Tesla on Friday not only strengthened its position inAs the most valuable automobile company in the world, it also brought its chief executive Mask a good profit, which, since March of this year, amounted to $ 20 billion.

S3 Partners, an industry analytical company, provided data according to which shorts incurred losses of $ 1.3 billion, closing deals at a price that far exceeded their expectations.

"Short sellers" make lowering rates onshares of companies that they consider revalued (often through brokers or through a pension fund). They then immediately sell these borrowed stocks and repurchase them when they fall in order to profit from the difference after the stock returns. This is a bearish tactic that is the opposite of “buy low, sell high”.

S3 analysis showed that Tesla's shorts stocks with2017 to 2019 suffered a loss of $ 15.9 billion, and during this time, the capitalization of the electric vehicle manufacturer grew by more than 180%. Even worse, Dusaniwski estimates that short sellers have lost $ 30.45 billion since 2010 in tactics of lowering.

Tesla's sales are rising, as are Mask's stock prices

The latest share issue coincided with the publicationthe company's quarterly profit, which showed that Tesla sold 90,650 electric vehicles in 3 months. This far exceeds the industry's highest – 86,000, which belong to the Japanese automaker Toyota Motor Corp.

The company also noted that its factory in Fremont, California, has returned to work at the “pre-pandemic” level.

As a result, Elon Musk the whole second half of yesterdayof the day spent on Twitter, releasing mocking comments in the direction of unsuccessful bears. Undoubtedly, the extra billions that go into his accounts fuel sarcasm and a sense of superiority.

Recall that last year, startup Neuralink Mask began testing on humans the technology for implanting a neural interface that connects the brain to a computer.

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