Elon Musk lost nearly $6 billion in one day as Tesla sank 17%
the stock to "hold" from "buy," signaling that the end of the run might be near.
A number of short-sellers also weighed in on the stock's rise, which many said was disconnected from fundamentals. On Wednesday, Steve Eisman of "Big Short" fame said that he exited his Tesla short position "a while ago," as everyone has "On the flip side, some short-sellers are digging in their heels.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk asks Twitter fans to vote on new Tesla Gigafactory in Texas'Giga Texas?' That was the question Tesla CEO Elon Musk posed to his followers on Twitter asking them if they would like a new Gigafactory in Texas.
Read more »
Elon Musk teases building a new Tesla Gigafactory in Texas
Read more »
Elon Musk is hiring at SpaceX, which is hosting a career day Thursday - Business InsiderElon Musk is looking to hire engineers, supervisors, and technicians for his rocket company's Starship project.
Read more »
Elon Musk on Tesla's Cybertruck: 'I wasn't sure if nobody would buy it'Tesla CEO Elon Musk worried no one would like the unusual looking electric Cybertruck. 'I told the team, 'Listen, if nobody wants to buy this, we could always make one that looks like the other trucks.' Like 'OK, that was a weird failure, but now we'll make one that looks like the others,'' Musk said on the Third Row Tesla podcast.
Read more »
Elon Musk is as if 'Thomas Edison and Henry Ford made a baby,' analyst says as Tesla stock soarsMorgan Stanley analyst Adam Jonas gave Tesla's Elon Musk high praise on Tuesday.
Read more »
Robinhood trader made 1,300% return from Tesla stock rally - Business InsiderThe amateur investor claims he turned $5,000 into more than $130,000 in less than a month, thanks to soaring shares of Tesla.
Read more »