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Tesla Loses Most-Crowded Short Stock Crown To This Oil Giant

Benzinga ·  May 16 04:47

Electric vehicle leaderTesla Inc(NASDAQ:TSLA) has been a popular stock to short by investors in recent months.

The stock remains one of the most crowded shorts according to a new report, but lost its position at the top after three straight months.

What Happened:Tesla's first quarter financials and production and delivery figures came in below analysts' estimates.

The stock has been a popular short with declining deliveries and investors getting anxious and worried about the future direction.

According to a new report from Hazeltree, Tesla is one of the most crowded stocks for short selling. Tesla...

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