Tesla overtakes GM as US’ most valuable carmaker as TSLA shorts feel $1.4B burn

Teslarati
By Simon AlvarezOct 25, 2019, 8:50 am128 pts
Tesla shares (NASDAQ:TSLA) ended Thursday’s trading on a strong note, rising over 17% and ending just shy of the $300 mark at $299.68. With this recent movement, Tesla has taken its place as America’s most valuable carmaker while giving its short-sellers a $1.4 billion burn in the process. By ending the…

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