The operators of the Tesla electric car company prepare to obtain around 1,400 million dollars in paper profits for their short positions in Tesla.
The company’s actions fell 7.5% on Monday, after Elon Musk’s announcement to launch a new political party in the US, which increases concerns about its commitment to the future of the company.
The actions fell into the first operations after the political announcement of Musk, which occurred after a public dispute with Donald Trump on the draft tax cuts and expenses of the US President.
At a price of $ 296 per share, investors – who are committed to the electric vehicle manufacturer – would obtain approximately 1,400 million dollars in earnings, according to the Ortex data analysis firm.
Lee: Tesla falls more than 6% after Musk announcement of a new political party in the US
Short vendors had already registered more than 4 billion dollars in profits on June 5, the day Tesla suffered its greatest fall in market value in a single day, after the discord between Trump and Musk intensified in an open confrontation in social networks.
Tesla shares closed with a fall of 7.5%, at 291.50 dollars, and accumulate a loss of more than 21% so far this year.
With Reuters information
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