{"id":26582,"date":"2022-12-29T21:28:19","date_gmt":"2022-12-29T21:28:19","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/29\/tesla-shares-record-rare-jump-this-month-on-the-way-to-worst-year\/"},"modified":"2022-12-29T21:28:19","modified_gmt":"2022-12-29T21:28:19","slug":"tesla-shares-record-rare-jump-this-month-on-the-way-to-worst-year","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/29\/tesla-shares-record-rare-jump-this-month-on-the-way-to-worst-year\/","title":{"rendered":"Tesla shares record rare jump this month on the way to worst year"},"content":{"rendered":"

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Dec 28 (Reuters) – Shares of Tesla Inc (TSLA.O)<\/a> snapped a seven-session losing streak on Wednesday, in their rare rise this month on the way to what will be the electric-vehicle maker’s worst year on record.<\/p>\n

The stock gained 3.3% on the day. It is set to round off 2022 with a 68% drop – the most among the big U.S. technology firms – as fears mount over slowing demand in China and top boss Elon Musk’s growing distractions with Twitter.<\/p>\n

“The shorts are piling on and the stock is way oversold here, which could drive a bounce-back rally,” Wedbush analyst Dan Ives said.<\/p>\n

The company, whose meteoric rise over the last few years had burned many bearish investors, is the third most shorted stock in dollar value after Apple Inc (AAPL.O)<\/a> and Microsoft Corp (MSFT.O)<\/a>, according to financial analytics firm S3 Partners.<\/p>\n

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