Tesla Breaks Records Again & Closes At All-Time High Before Shanghai Model 3 Deliveries
https://wccftech.com/tesla-high-record-model-3-delivery/
Electric vehicle and energy storage products manufacturer Tesla Inc (NASDAQ:TSLA) is having a great run on the stock market following the company's successful execution of its third Gigafactory in Shanghai, China. Tesla also reported its official vehicle production and delivery estimates for the year 2019 this Friday, with the company having set records with the Model 3. The data also included Tesla's progress with the Gigafactory 3, and as the company is set to deliver the first made-in-China Model 3 vehicles to customers tomorrow, its stock has closed on a record one-year high of $451.54 today, up by 1.93% from Friday's close of $443.01.
It's common knowledge that Tesla Inc was once a darling for short-sellers. In the list of tech stocks covered by us, Tesla's short interest percentage (the number of a company's shares relative to its shares outstanding) was second only to video game retailer GameStop, who is struggling to adapt in a digital world. Tesla's C.E.O. Mr. Elon Musk himself has been involved in public spars with investors betting that Tesla will fall on the stock market. But for the time being, it's looking as if Mr. Musk might have a big smile on his face while short-sellers, on the other hand, are sweating bullets.