Traders lost $7.6 billion betting against Tesla stock last month

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Traders lost $7.6 billion betting against Tesla stock last month
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Traders have lost $7.6 billion betting against Tesla stock over the past month as the stock has surged

Shares of Tesla have been on a rollercoaster following vehicle price cuts and a weaker-than-expectedBut on the company's most recent earnings call, Musk reaffirmed the company's long-term growth target of 50%.

Tesla stock has also been rising in anticipation of the company's upcoming investor analyst day, in which Musk willOn the opposite side of the bearish Tesla trade among hedge funds"Tesla continues to draw unprecedented retail flows...

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