{"id":16491,"date":"2023-04-19T18:01:48","date_gmt":"2023-04-19T18:01:48","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/tesla-shorts-mark-to-market-profits\/"},"modified":"2023-04-19T18:04:03","modified_gmt":"2023-04-19T18:04:03","slug":"profit-for-tesla-short","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/profit-for-tesla-short\/","title":{"rendered":"Profit for Tesla short sellers rises in April -S3 Partners"},"content":{"rendered":"

By Caroline Valetkevitch<\/p>\n

NEW YORK (Reuters) -Tesla Inc short sellers have $2.16 billion in mark-to-market profits for April so far, but shorts remain down $5.52 billion for the year so far in mark-to-market losses, S3 Partners wrote in a research note on Wednesday ahead of the automaker’s quarterly results due after the closing bell.<\/p>\n

The electric car company’s shares were down about 1% on Wednesday ahead of its quarterly results.<\/p>\n

Investors are focused on margins after Tesla cut U.S. prices on its electric cars for the sixth time this year.<\/p>\n

“Recent TSLA short covering may be an indication that some short sellers think that TSLA’s profit margins will stay in the 20% range, and trimmed their exposure to lock in some of April’s mark-to-market profits in the anticipation of a stock price rally,” S3 Partners analysts wrote in the note.<\/p>\n

The analysts noted that Tesla continues to hold the No. 2 spot in the U.S. most-shorted list, behind Apple Inc, with Tesla’s short interest at $15.42 billion, and 83.65 million shares shorted.<\/p>\n

(Reporting by Caroline Valetkevitch in New YorkEditing by Chris Reese and Matthew Lewis)<\/p>\n

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By Caroline Valetkevitch NEW YORK (Reuters) -Tesla Inc short sellers have $2.16 billion in mark-to-market profits for April so far, but shorts remain down $5.52 billion for the year so far in mark-to-market losses, S3 Partners wrote in a research note on Wednesday ahead of the automaker’s quarterly results due after the closing bell. The […]<\/p>\n","protected":false},"author":8,"featured_media":16492,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-16491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3I0R5-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/16491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=16491"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/16491\/revisions"}],"predecessor-version":[{"id":16507,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/16491\/revisions\/16507"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/16492"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=16491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=16491"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=16491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}