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Shorting Tesla actually pays a rebate right now, because the stock is cheaper to borrow than the interest paid on the cash proceeds from selling it up front.
by AndrewBissell 7y ago
Shorting Tesla actually pays a rebate right now, because the stock is cheaper to borrow than the interest paid on the cash proceeds from selling it up front.
- maest 7y agoTesla is one of the most shorted stocks around. There is no way you can get a rebate just by shorting the name. You're probably thinking of the rebate rate, which is the money received by people long Tesla who are lending it out.
- AndrewBissell 7y agoTesla is also one of the most widely held stocks around which means there is an ample float to borrow for shorting. Interactive Brokers pays a rebate.