Sunday, June 4, 2023

Short-sellers make $4bn from Tesla slump in April

Photo by Charlie Deets on Unsplash

  • Tesla the most profitable short in April, while Microsoft’s rise sparks losses
  • Data comes in week Hindenburg Research unveils new campaign against activist Icahn
  • Short-seller signals: Read AFI’s exclusive interviews with Carson Block and Jim Chanos

Tesla’s share slump in April generated almost $4bn of gains for short-sellers, according to data from research firm Ortex.

The electric vehicle-maker declined 17.8% last month on poor earnings and more product price cuts.

Please subscribe to Alternative Fund Insight to continue reading
Alternative Fund Insight provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in hedge funds and private markets.