Tesla’s stock price bucked the trend and rose, short-selling institutions hit $6.08 billion

According to news on June 12, Tesla’s stock price has risen for 11 consecutive days, reaching US$244.4 (equivalent to approximately RMB 1,740) per share, an increase of approximately 40% from the closing price on May 24. This caused huge losses for those Tesla short sellers who sold the stock. According to data from financial data company S3, short-selling institutions have suffered losses of approximately US$60.8 billion (equivalent to approximately RMB 44 billion).

According to Aihor Dusanisky, head of predictive analytics at financial data company S3, although Tesla’s stock price has begun to recover, short-selling institutions have been increasing their interest in Tesla since April. The short bets are drawn because they do not believe that Tesla’s stock price can rise in the long term and expect that the stock price will eventually correct. Since the beginning of this year, professional institutions have shorted approximately 15.3 million Tesla shares, with a total value of approximately $3.6 billion. In the past 30 days, short-selling institutions maintained their bearish attitude towards Tesla stock and increased their short positions by 1.3 million shares, with a total value of $303 million. Although short-selling institutions increased their size by 1.4%, Tesla's stock price rose by 39%, which disappointed short-selling institutions.

As far as the editor is aware, Tesla’s current market value is US$774.8 billion, equivalent to about 55 trillion yuan. Tesla has huge potential. Although its current sales volume is not as good as that of traditional car companies such as Toyota, Volkswagen and Hyundai Kia, it still has the highest market value.

The continued rise in Tesla’s stock price has caused institutions shorting Tesla to suffer huge losses. They originally thought Tesla's stock price would fall, but Tesla's recent performance has been strong and showing a growth trend. Regardless of whether it is long-term bullish or bearish, there is always a certain risk, which reflects the uncertainty of the investment market. Although the market is full of expectations for the future development of Tesla, the leading electric vehicle manufacturer, investors need to make cautious decisions. The future trend of Tesla's stock price will continue to attract attention.

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