As Tesla Shares Go Up in Smoke, Short Investors Go to the Bank
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Not everyone looking at Tesla Inc.’s implosion this week is unhappy.
Investors with a bearish bet on the stock, aka the short sellers, whom Elon Musk wanted to “burn,” are reinvigorated after the electric vehicle maker’s latest public relations disaster, coupled with the rapid exits of two high-profile executives, according to financial analytics firm S3 Partners LLC.