Tesla shares record rare jump this month on the way to worst year

Shares of Tesla Inc snapped a seven-session losing streak on Wednesday, in their rare rise this month on the way to what will be the electric-vehicle maker's worst year on record.

"The shorts are piling on and the stock is way oversold here, which could drive a bounce-back rally," Wedbush analyst Dan Ives said. About 2.85 per cent of Tesla shares, or $8.36 billion, are shorted, S3 Partners said, adding that short selling was up by more than 8.98 million shares this year due to a drop in the stock price, which was partly driven by Musk's share sales to fund his Twitter purchase.

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Musk tells Tesla workers not to be 'bothered by stock market craziness'Tesla Inc Chief Executive Elon Musk told employees that they should not be 'bothered by stock market craziness' after the company's shares tanked nearly 70 per cent this year over jitters on softening demand for electric cars and Musk's distraction with Twitter.In an email sent to staff on Wednesday and r Why should they… unless they have shares as part of their salary package… then I’d be worried. It's a concerted effort to take down Elon Musk financially simply because of what he did on Twitter. Twitter files are the trigger point.
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