Space X short-selling ratio soars to 32%, Musk warns short sellers
On July 26, according to CCTV Finance, due to lower-than-expected second-quarter results, Tesla’s stock price fell by about 14.5% on the day after the earnings report was released this week, and its market value evaporated by approximately US$214.5 billion. More than a month has passed since the initial public offering of SpaceX, another space exploration technology company of Musk. The stock price has fallen below the issue price, and the number of investors betting on the decline of its stock price is still increasing. Data shows that the current short position of SpaceX has risen to approximately 32% of the outstanding shares.
On July 26, according to CCTV Finance, due to lower-than-expected second-quarter results, Tesla’s stock price fell by about 14.5% on the day after the earnings report was released this week, and its market value evaporated by approximately US$214.5 billion. More than a month has passed since the initial public offering of SpaceX, another space exploration technology company of Musk. The stock price has fallen below the issue price, and the number of investors betting on the decline of its stock price is still increasing. Data shows that the current short position of SpaceX has risen to approximately 32% of the outstanding shares. In this regard, Musk warned that institutions that maintain large-scale short positions in SpaceX for a long time have a "very low probability of survival." The current market focus is on the possible merger of SpaceX and Tesla. Musk neither admitted nor denied this during the financial report meeting, but said that there will be more and more business overlap between the two companies. Some Wall Street analysts believe the companies will eventually reach a deal.