“A bullish call from a Wall Street analyst capped off a rough week for Tesla short sellers, with Nomura Instinet advising clients that the electric car maker’s shares could rally 42 percent over the next year. The stock rose 1.7 percent Friday and is now up 10 percent on the week. One of the most shorted stocks in the United States, **Tesla shares cost investors betting against the company more than $1 billion in losses on Wednesday alone after the stock rallied 9.7 percent.** Adding to the short woes, the stock is up 13.5 percent in June and up 21 percent since April. More than 30 percent of Tesla’s floating stock is currently sold short, according to FactSet.”

Further proof of the inability of expert financial advisors to actual be experts. If your expert financial advisor is so good and ‘consistently significantly beating the market’ , why is he an advisor, and not sitting on his private island. 🙂