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Shorts Against Teslas Stock Lose More Than 1 Billion

Discussion in 'TSLA Investor Discussions' started by Xenoilphobe, Jun 6, 2018.

  1. Xenoilphobe

    Xenoilphobe Active Member

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  2. roblab

    roblab Active Member

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    I think Elon warned them about this several months ago.
     
  3. Rockster

    Rockster Active Member

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    I’m sure I won’t lose any sleep tonight worrying about them.
     
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  4. Dr. J

    Dr. J Member

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    It couldn't happen to a nicer bunch of people. :)
     
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  5. TradingInvest

    TradingInvest Member

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  6. TradingInvest

    TradingInvest Member

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    What Elon warned is not this. This is nothing compared to what is going to come to the shorts.
     
  7. EldestOyster

    EldestOyster Member

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    Is this a paper loss, or a for realz margin call pay up now event?
     
  8. ThisIsTrue

    ThisIsTrue Re-member

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    They underestimated Elon and got kicked in the shorts. *shrug*
     
  9. adiggs

    adiggs Active Member

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    When you sell shares short, you deposit cash at the end of each day equal to the closing price of the stock. So the losses are paper in that they aren't taxable, or tax deductible and the position is still open. They are for realz in that they are marked to market every day in the form of cash. If you're short and you don't have the cash, your broker will force liquidate you, and they won't be tardy about it (because THEY are also on the hook for your loan).
     
    • Informative x 4
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