Phoenix Network Technology News Beijing time May 31st news, so far in 2022, investors shorting Tesla have made about 8.2 billion US dollars (about 54.6 billion yuan). Short-sellers have suffered heavy losses over the years as Tesla’s stock beat expectations.
According to data provider Ortex,Short sellers also benefited from a broader market sell-off this year, earned $62.5 billion in realized and unrealized gains from the tech-heavy Nasdaq 100. In 2022, stocks tumbled as inflation soared and central banks raised interest rates. Russia’s military action against Ukraine has made the stock market even worse.
Tech stocks have been hit especially hard. As of Friday’s close, the Nasdaq 100 was down 22% and Tesla was down about 28%. Tech stocks have soared after benefiting from the coronavirus-era stimulus package.
Ortex data shows that in addition to profiting from Tesla, short sellers also made $3.8 billion (about 25.536 billion yuan) shorting Amazon, and $3.7 billion (about 24.864 billion yuan) shorting Facebook. Shorting Apple earned $3.5 billion (about 23.52 billion yuan). The figures, as of Thursday’s close, cover realized and unrealized gains. But on Friday, Tesla shares rose 7.3% and the Nasdaq 100 rose 3.3%, which may have eroded some profits for short sellers.
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