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NEW YORK (Reuters) - Tesla Inc (TSLA.O) shares soared 16 percent on Thursday, a day after the electric car maker’s better-than-expected quarterly report, and financial analytics firm S3 Partners said short-sellers were slammed with $1.7 billion in paper losses on the day. S3 said the day’s losses pushed the aggregate year-to-date performance of short-sellers in Tesla into the red. Short-sellers aim to profit by selling borrowed shares, hoping to buy them back later at a lower price. Tesla is the most shorted U.S. stock.

Until Wednesday, Tesla short-sellers had, on paper, been up $276 million for the year, Following Thursday’s stock surge, they now have losses of $1.4 billion for the year, S3 data showed, “We are not seeing a large amount of buy to covers yet,” said Ihor Dusaniwsky, head of research at S3 in New York, referring to traders captain america comics pair cufflinks buying shares to close out an existing short position, “With such a large price move on the open, most short-sellers that are looking to cover are waiting for a retracement before placing buy-to-cover orders,” he said..

Tesla shares rallied $48.70 to $349.54 a day after the manufacturer said it would produce its new Model 3 sedan at a profit, following several recent weeks in which output had stabilized. The update buoyed hopes that the company led by Elon Musk will stanch its losses. Tesla’s rapid cash burn and struggles at turning a profit have made it a favorite target for shorts, including big names such as Jim Chanos, head of Kynikos Associates, and billionaire hedge fund manager David Einhorn’s Greenlight Capital fund.

(Reuters) - U.S, President Donald Trump has not contacted the Federal Communications Commission about its lack of approval for Sinclair Broadcast Group’s (SBGI.O) deal to buy Tribune Media Co (TRCO.N), which Trump has called “disgraceful” on Twitter, FCC Chairman Ajit Pai said on Thursday, “No one in the White House has contacted us to express a view about the merger,” Pai said, In July, the FCC unanimously voted to refer the captain america comics pair cufflinks merger for an administrative review to determine if the conservative-leaning Sinclair engaged in misrepresentation or displayed a lack of candor about the merger to the commission..

Trump’s tweet raised the question of whether he had involved himself in the decision-making progress of an independent regulator. In its order for administrative review, the FCC said Sinclair “did not fully disclose facts” about the $3.9 billion acquisition. Pai had expressed “serious concerns” prior to the vote. Within days of the FCC action, Trump tweeted: “So sad and unfair that the FCC wouldn’t approve the Sinclair Broadcast merger with Tribune. This would have been a great and much needed Conservative voice for and of the People.”.

The Republican president said it was “disgraceful” that the FCC was standing in the way of the merger, which he compared to a 2011 FCC approved deal in which Comcast Corp (CMCSA.O) acquired NBC, On Thursday, Pai reiterated previous statements to Congress defending the decision to review, “I will simply say what I said to Congress, which is, I stand by our decision, We looked at the facts and applied the law as we do in any transaction.”, Sinclair owns 192 stations, the largest number of local TV stations in the United States, The company said in May 2017 it planned to acquire captain america comics pair cufflinks 42 new stations from the Tribune, But it had said it would sell 23 of its existing stations to obtain regulatory approval..

NEW YORK (Reuters) - Technology stocks pushed the S&P 500 and Nasdaq higher on Thursday, driven by Apple shares as the iPhone maker became the first publicly traded U.S. company worth a trillion dollars. Apple Inc (AAPL.O) extended its post-earnings rally, gaining 2.9 percent and pushing its market value across the trillion-dollar threshold. “It’s a good sign for the market and the economy,” said Kim Forrest, senior portfolio manager at Fort Pitt Capital Group in Pittsburgh. “Because even though today we’re talking about the impact of trade or currency war, an issue with China, Apple, who makes most of their products in China, is hitting this.”.

The smartphone maker led the S&P technology index .SPLRCT 1.4 percent higher, the biggest percentage gainer among the 11 major sectors of the S&P 500, Among the other members of the so-called captain america comics pair cufflinks FAANG group of momentum stocks, Facebook Inc (FB.O) rose 2.7percent, Alphabet Inc (GOOGL.O) edged up 0.7 percent, Netflix (NFLX.O) rose 1.8 percent and (AMZN.O) advanced 2.1 percent, The tech sector’s gain helped offset escalating trade tensions, as China urged the United States to “calm down” after U.S, Trade Representative Robert Lighthizer said he had been directed to increase previously proposed tariffs on Chinese imports, At a news briefing, China’s foreign ministry spokesman called the United States’ tactics “blackmail.”..

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