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Tesla short sellers land a $16.2bn payday on stock plunge as rival BYD hits record high on world's fastest EV recharging tech [Fortune]

Tesla, Inc. (TSLA) More Company Research Source: Fortune

Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report

US:NASDAQ Investor Relations: ir.tesla.com

Musk's politics appear to be hurting his business, since “it's not people with cowboy boots who buy Teslas.” Tesla bulls have it hard right now. After suffering an unprecedented plunge in the stock price that has enriched short sellers to the tune of $16 billion, arch-rival BYD just celebrated an all-time high. Shares in the Chinese EV manufacturer hit a record after it unveiled two new models from its Dynasty family: the five-meter-long Han L executive sedan and the Tang L SUV, vehicles that are capable of recharging just as fast as refueling a conventional combustion engine car. The pair are built off BYD's new “Super-e Platform”, a vehicle architecture that features a 1,000-volt electrical system, higher than even the 900v found in a Lucid Air. Together with a 1 megawatt DC fast charging system, the two BYD models can add 400 kilometers of range in just five minutes , according to Chinese EV motoring site CnEVPost Typically, the higher the rate of charging, the more the b [Read more]

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