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17.07 - 17:39
Tesla, Rivian stock surge hits short-sellers with $8bn in losses
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fnlondon.comThe stock surge of electric vehicle manufacturers Tesla, Rivian and XPeng has triggered a fallout of some $8bn for short-sellers.
Between 1 June and 6 July, Tesla short-sellers lost almost $7.6bn as their bets against the world’s largest electric vehicle manufacturer went wrong, according to financial analytics provider ORTEX.
Rivian’s 50%...
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