Reported 30 days ago
Tesla short sellers faced a significant loss of $4.2 billion in just two days following the company's better-than-expected third quarter earnings report, which led to a 22% surge in its stock price—the largest single-day gain in a decade. Despite mixed quarterly results, the stock rallied, prompting analysts to maintain positive outlooks, with Bank of America raising its price target from $255 to $265. Tesla's stock has shown volatile behavior recently, driven by mixed expectations around production, deliveries, and AI ambitions.
Source: YAHOO