Tag Archives: short sellers

Tesla, Musk sought to ‘burn’ Citron, other short-sellers: lawsu...

09 September, 2018 10:41 am 10:41 am

(Reuters) – The prominent short-seller Andrew Left has sued Tesla Inc (TSLA.O) and its Chief Executive Elon Musk, saying Musk fraudulently engineered his since-abandoned plan to take Tesla private to “burn” investors hoping the electric car company’s stock price would fall. Left, whose reports at Citron Research often push stock prices lower, said in his … Read More

Tesla buyout would add to year of pain for short-sellers

08 August, 2018 12:12 pm 12:12 pm

NEW YORK (Reuters) – It would be the ultimate black eye for short sellers. A buyout of electric carmaker Tesla Inc., led by entrepreneur CEO Elon Musk, would cap a painful ride for short sellers, who have amassed more than $13 billion in bets that the company will founder and deliver them a huge windfall. … Read More