Tesla slumps back below the key $300 level

in #tesla • 6 years ago

Shares of Tesla slumped 1.6% Friday, briefly falling below the key $300 level that they've been flirting with for weeks.

Tesla got a boost early this week as CEO Elon Musk bought up $10 million worth of stock on Tuesday, two days after calling out short sellers on Twitter.

"The sheer magnitude of short carnage will be unreal," he said Friday. "If you're short, I suggest quietly tiptoeing to the exit…"

Apparently they haven't gotten the message, though. And if they have, they're sticking to their guns. Short interest — a measure of bets a stock will decline — has climbed an additional $640 million since the start of Musk's tweet-storm according to data from financial analytics provider S3 Partners.5af5e888e988ef49008b489f-480-339.png

#shares #rate #seller
6 years ago in #tesla by
$0.00
    Reply 0

    Coin Marketplace

    STEEM 0.28
    TRX 0.13
    JST 0.032
    BTC 61060.27
    ETH 2927.58
    USDT 1.00
    SBD 3.55