Tesla (TSLA) Shorts Catch Another Bout of Jitters
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Shares of Tesla Motors, Inc. (NYSE: TSLA) reversed in afternoon trading on Wednesday. The stock opened lower, a move that following the company's shareholder meeting yesterday.
Tesla stock is higher by nearly 170% year-to-date, so volatility is not unexpected, but today's sharp reversal may have caught some traders off guard, especially short sellers. Considering the stock's recent run, this group is viewed as a jittery bunch.
Tesla stock is higher by nearly 170% year-to-date, so volatility is not unexpected, but today's sharp reversal may have caught some traders off guard, especially short sellers. Considering the stock's recent run, this group is viewed as a jittery bunch.
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