Browsing: Short Sellers

Tesla's gift to short sellers
  • Shares of Tesla the pioneer of electric vehicles fell spectacularly in 2022. This trend was the same for auto shares which list substantial amounts of value during the year.
  • Tesla despite its anemic showing in terms of share price performance managed to deliver a record number of EVs.
  • The EV company increased production of its products by as much as 40%.
  • This impressive development by Tesla failed to excite the market which hammered the share price resulting in the EV company shedding 64% of its value in 2022.
  • Notwithstanding the skepticism from the market Tesla has been making positive strides with its Gigafactory initiatives.
  • Africa has been the focus of the Gigafactory initiatives by Tesla. A Gigafactory is a massive manufacturing facility that aims to speed up and scale up the manufacture of electric vehicles.
  • The Gigafactory concept will contribute substantially to the economic wellbeing of African countries where Tesla