Tesla tops list of most shorted stocks for third month running in Aug - Hazeltree

$A staff member looks at Tesla\\'s new Model 3 sedan displayed next to Model X SUV at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. REUTERS/Florence Lo Image for illustrative purpose. , REUTERS$

A staff member looks at Tesla's new Model 3 sedan displayed next to Model X SUV at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. REUTERS/Florence Lo Image for illustrative purpose.
REUTERS

Tesla stock rallied over 5% on Monday after a Morgan Stanley note suggested the automaker's Dojo supercomputer could bolster Tesla's market value

Nell Mackenzie, Reuters News

September 12, 2023

PHOTO
A staff member looks at Tesla's new Model 3 sedan displayed next to Model X SUV at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. REUTERS/Florence Lo Image for illustrative purpose.

Tesla topped a list of the most shorted large-cap U.S. stocks for a third month consecutively in August, securities lending firm Hazeltree said in a report published on Tuesday.

Tesla stock rallied over 5% on Monday after a Morgan Stanley note suggested the automaker's Dojo supercomputer could bolster Tesla's market value.

Tesla did not immediately respond to a request for comment.

(Reporting by Nell Mackenzie; Editing by Dhara Ranasinghe)

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