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Thursday, February 6, 2020

Tesla Stabilized

Tesla stock stabilized yesterday after a bullish rally and a cult-like boost. Since it's price skyrocketed through the last weeks, shorts became more usual. One day 1.5 billion dollars were lost on Tesla shorts alone. Somedays ago the boost might have been regarded as irrational since the outbreak of 2019-nCov may curb production in the new Shanghai factory, raising some concerns around investors. Nevertheless, the shares ran amok.

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