Tesla Shorts Hit Hard

Excluding ETFs, Tesla is the most heavily shorted stock in the US, suggesting that many investors don't believe in the business. However, recent positive statements surrounding earnings caused the stock price to jump 16% in one day. As a result, short sellers lost $1.7 Billion. See article here, WSJ.

Apple Value Hits $1 Trillion

Following strong earnings, Apple's market value increased to $1 Trillion, making it the first company to ever hit this mark. Next on the list are Amazon and Google, both around $775 Billion. To put this in context, only 16 countries in the world have nominal GDPs about $1 Trillion.