Tesla Inc has obtained permission to start selling its Shanghai-made Model Y sports utility vehicle in China. Tesla, now sells its Model 3 electric cars in China and has been building new car manufacturing capacity in Shanghai to make its Model Y SUVs. It started delivering vehicles made in its Shanghai factory last December and sold more than 13,000 vehicles in China in October.
Electric car stocks may very well be in a bubble. Tesla (NASDAQ: TSLA) stock has rocketed around 600% this year, pushing up the market capitalization of the Elon Musk-led automaker to roughly $540 billion. Tesla is now profitable, but largely due to the sale of regulatory credits.
Shorting is an investing concept that isn't well understood by many people, especially those who are new to the stock market. In this Nov. 17 Fool Live video, Fool.com contributors Matt Frankel, CFP, and Jason Hall break down what shorting is, how it works, and what investors need to know about the risks before considering it. Matt Frankel: We're going to start with short selling.