Convertible arb funds may hold key to Tesla shorts, as electric carmaker surges

Tesla

Convertible bond arbitrage strategies may hold half of the reported short positions in Tesla, as short bets against the electric carmaker remain resilient despite its market value roaring past USD150 billion this week.

Tesla saw its share price rise 30 per cent immediately after posting surprise quarterly profit last October - and it has continued to spiral upwards since, reaching the new high this week and overtaking Volkswagen.

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