As of Friday’s close, Tesla (TSLA) is up more than 35% year-to-date, and up more than 370% over the last year. Would you bet against it? A lot of people are. Research firm Markit said the electric-car maker was the most shorted stock on the Nasdaq 100 (^NDX) in the last month. This is amid an increase in short-selling by 10% year-to-date on the Nasdaq Composite (^IXIC).
In the corresponding video, Jeff Macke, host of Yahoo Finance’s Breakout, spoke with Editor-in-Chief Aaron Task about the increase in short-selling Tesla. “Is it a short here?” asks Macke, who has owned Tesla stock. “Maybe, maybe not. It made a much better short at $250.”
The Financial Times reported that Facebook (FB) could get into financial services. The FT reported that the social networking giant is weeks away from getting regulatory approval in Ireland to allow users to store money and exchange it with others. It would allow Facebook to issue units of money that would be valid throughout Europe. The company is also reportedly in talks with three London businesses to offer international money transfers.
That brings us to today's poll question. Would you make any financial transactions through Facebook? Cast your vote and post your comments as well.
Highest-Paid U.S. CEOs
The New York Times published the Equilar 100 CEO Pay Study of the highest-paid chief executives in the U.S. for 2013. The highest-paid CEO was Oracle’s (ORCL) Larry Ellison, who was paid $78.4 million last year. Coming in behind him at $34.3 million was the Walt Disney Company’s Bob Iger. Bank CEOs weren’t in the list’s top 10. Task asked Macke if some of the public has misplaced its outrage at bank CEO salaries. “Absolutely,” Macke replied. “I think it’s just a lack of imagination in terms of thinking who the real masters of the universe are.”
“[JP Morgan (JPM) CEO] Jamie Dimon relative to Larry Ellison is wildly underpaid,” Macke added. “Whatever you think of Jamie Dimon, he should not be making 1/7 of what Larry Ellison’s making for running a software company.”