Tesla short sellers lose more than $4 billion on EV-maker's post-earnings stock rally

Tesla short sellers lose more than $4 billion on EV-maker’s post-earnings stock rally

Tesla’s (TSLA) post-earnings stock rally has cost short sellers billions. Tesla short sellers lost $4.2 billion in the two days following the EV maker’s third quarter earnings last Wednesday, according to data from S3 Partners. Tesla reported a higher-than-expected third quarter profit and improved margins after the bell Oct. 23. Those beats helped Tesla stock…

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Auto industry under pressure, China stocks surge: Yahoo Finance

Tesla earnings help drive markets higher, new home sales rise in September: Yahoo Finance Yahoo Finance

The S&P 500 (^GSPC) and Nasdaq (^IXIC) are recovering after Tesla’s (TSLA) third quarter earnings topped estimates. The upbeat result sent a wave of positivity on Wall Street as investors now await the rest of the “Magnificent Seven” earnings. Shares of UPS (UPS) are also climbing after topping third quarter earnings expectations. Meanwhile, new home…

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