Tesla Remains Most Heavily Shorted Large-Cap Stock Despite Rally After Morgan Stanley Upgrade

Tesla was the most shorted large-cap US stock for 3 straight months according to securities firm Hazeltree.
Charter Communications and Apple were the 2nd and 3rd most shorted large-cap names in August.
Short sellers are betting Tesla's share price will decline.
Tesla stock rallied 10% after Morgan Stanley published a bullish note and upgraded it.
Morgan Stanley sees potential for Tesla's Dojo supercomputer to add $500 billion to its market cap.

yahoo.com

Relevant topic timeline:

9/22/2023

Tesla Stock Could Rally if Q3 Deliveries Beat Barclays' Conservative Forecast

Tesla's stock fell after Barclays predicted that the company would fall short of delivery expectations, with analysts forecasting third-quarter deliveries of 455,000 units compared to the consensus forecast of 463,000 units.

10/10/2023

Tesla Misses Delivery Targets and Cuts Prices Again Amid Sluggish Demand

Investors are driving Tesla closer to rejoining the $1 trillion club with a market cap of $850 billion, but the company's Q3 delivery performance and price cuts highlight challenges ahead.