Tesla short sellers lose $1.3 billion after Musk's tweet
Short sellers betting against Tesla lost $1.3 billion on paper on Tuesday after CEO Elon Musk tweeted he was considering taking the company private at $420 a share, according to analytics firm S3 Partners. At that price, Tesla would have an enterprise value of about $82 billion including debt. The announcement sent Tesla stock price soaring as much as 13%.