Tesla (TSLA) Becomes 16th Largest U.S. Stock as Investors Short Shares Worth $20 Billion

2020-7-11 15:50

Coinspeaker
Tesla (TSLA) Becomes 16th Largest U.S. Stock as Investors Short Shares Worth $20 Billion

Tesla Inc (NASDAQ: TSLA) has been making headlines with the company’s continuous growth. With a market capitalization of $253.34 billion, the automaker is now the 16th largest stock in the U.S. However, despite its recent achievements, investors are not sharing bullish sentiments as Tesla stock has now hit a short interest level of nearly $20 billion. Recently, CEO Elon Musk took a dig at short sellers, mocking their disbelief in the stock.

Currently at $1,392.13, in premarket Trading, TSLA has been on a consistent rise. However, many believe the stock is overpriced and are shorting it. According to the research firm S3 partners, investors have already short Tesla stock to the tune of $19.95 billion. S3 Partners’ managing director of predictive analytics Ihor Dusaniwsky says that Tesla could be the first stock “to hit the $20 billion short interest threshold.”

TSLA Recent Gains

In less than two weeks of trading, Tesla share price has grown from $1,100 to $1,400, briefly rising higher. The company gained 15.36% in the last month and pulled in a whopping 233.30% increase in year-to-date performance.

On the 1st of July, the electric vehicle maker gained another 13.48% on the day. The day after, the company released a report on its operation in the year’s second quarter. Titled, Tesla Q2 2020 Vehicle Production & Deliveries, the report says that Tesla produced a total of 82,272 vehicles, including 6,326 Model S/X and 75,946 Model 3/Y cars. The report also explained that production is back to normal, after the recent shutdown:

“While our main factory in Fremont was shut down for much of the quarter, we successfully ramped production back to prior levels. Our net income and cash flow results will be announced along with the rest of our financial performance and we announce Q2 earnings.”

Speaking recently, Musk has revealed that Tesla is close to achieving level 5 autonomous driving technology for its vehicles. According to the CEO during a recent conference, the company is ‘extremely confident’ that complete autonomy will happen.

Tesla Set to Release Q2 Report

Although it is the 16th largest stock in the U.S., Tesla is still not in the S&P 500 (INDEXSP: .INX). This is because the automotive company is yet to meet the requirements for inclusion in the index.

According to the S&P guideline, “The sum of the most recent four consecutive quarters’ as-reported earnings should be positive as should the most recent quarter.”

Tesla will release its second-quarter report on the 22nd of July. Market analysts are currently optimistic about the expected figures.. According to Rob Maurer of The Street’s Tesla Daily, Tesla could be close to inclusion in the S&P 500:

“Profitability will be watched even more closely this quarter due to implications for S&P index inclusion. If Tesla posts a profit , they will be profitable for both the trailing twelve months and the most recent quarter, thus becoming eligible for inclusion in the massive index.“

You can read more news from the transportation industry here.

Tesla (TSLA) Becomes 16th Largest U.S. Stock as Investors Short Shares Worth $20 Billion

Similar to Notcoin - Blum - Airdrops In 2024

origin »

3X Short Bitcoin Token (BEAR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 1.71 (-100%)

stock investors short billion tesla worth tsla

stock investors → Результатов: 126


Фото:

Billionaire Bond Manager Is Canary in Stock Market Coal Mine as Bitcoin Hits Its Stride

Just when you thought it was safe to go back into the stock market, one billionaire bond manager is warning that the other shoe is about to drop. DoubleLine Capital CEO Jeffrey Gundlach reportedly believes that investors are ignoring the warning signals from the economy, with the billionaire asset manager having basically become a canary […] The post Billionaire Bond Manager Is Canary in Stock Market Coal Mine as Bitcoin Hits Its Stride appeared first on BeInCrypto.

2020-4-28 03:15


Фото:

Stock Rebound is Trap, Go Bitcoin Instead: Galaxy Digital CEO

Billionaire Michael Novogratz said that the recent rebound in stocks might lead to another decline soon. Instead, he is confident in Bitcoin and gold. Bitcoin Will Be Among Ideal Safe-Havens Novogratz, CEO of crypto merchant bank Galaxy Digital, told CNBC’s “Squawk on the Street” that investors shouldn’t be misled by the recent spike in stock prices.

2020-4-8 23:26


Verizon (VZ) Stock Down 1.38% Despite Upgrade to ‘Conviction Buy’ by Goldman Sachs

Coinspeaker Verizon (VZ) Stock Down 1. 38% Despite Upgrade to ‘Conviction Buy’ by Goldman SachsVerizon stock is falling today despite the upgrade announcement by Goldman Sachs. Goldman Sachs added VZ stock to its ‘Conviction Buy’ list, explaining that the stock offers investors the most attractive combination of total returns and risks.

2020-4-2 22:40