GrubHub, Uber Edge Out Tesla as Most Lucrative U.S. Short Bets
- Food-delivery app plunges most ever after fourth-quarter miss
- Ride-hailing company’s lockup expiry triggered drop to record
The GrubHub website.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Elon Musk might have finally made good on his long-promised “short burn of the century” last month at Tesla Inc., but that doesn’t mean the bears will go wanting.
They can just turn to GrubHub Inc. and Uber Technologies Inc. in the wake of the struggling food-delivery app’s historic sell-off and the ride-hailing company’s underwhelming year. They’ve become the most profitable U.S. stocks to sell short. Musk’s electric carmaker Tesla had held that title until its surprise third-quarter profit triggered a 36% rally.