Tesla overtakes GM as most valuable U.S. automaker, short sellers burned

October 24, 2019 admin Business News Comments Off on Tesla overtakes GM as most valuable U.S. automaker, short sellers burned

Tesla Inc shares soared 17% on Thursday after the electric carmaker surprised Wall Street by delivering on Chief Executive Officer Elon Musk’s promise of a profit in the third quarter, even as doubts remained about its long-term prospects.

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Source:: Reuters – Business News