Tesla short sellers pocket about $4 billion in profits after Musk-Trump spat
June 6 (Reuters) - Traders raked in $4 billion in profit from their short positions in Tesla shares (TSLA.O), opens new tab on Thursday after a public feud between President Donald Trump and CEO Elon Musk led to the stock's biggest single-day drop ever.
The gains from betting against the EV maker were the second biggest, data from analytics firm Ortex showed. Traders had pocketed $5.4 billion from a selloff on September 8, 2020, after the firm was looked over, opens new tab for inclusion into the S&P 500 (.SPX), opens new tab index.
The stock closed down 14.3% on Thursday and lost about $150 billion in market value.
With short sellers up $7.5 billion on their bet against Tesla, it remains the most profitable trade for the bearish investors among the "Magnificent 7" stocks this year. Apple (AAPL.O), opens new tab stands second at $7.3 billion, according to Ortex.
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The ULTIMATE New iPhone Setup Guide: Every Secret Unlocked!
Setting up a new iPhone is an exciting experience, but it can feel overwhelming if you're unsure where to start. The video below from Simple Alpaca provides a clear, step-by-step process to help you navigate everything from unboxing to customizing your device. By following these steps, you'll ensure your iPhone is ready to use and tailored to your preferences. Step 1: Unbox and Power On Carefully unbox your iPhone to avoid accidental damage. Consider applying a screen protector and using a case to safeguard your device from scratches or drops. Once your iPhone is secure, press and hold the power button to turn it on. Follow the on-screen instructions to select your preferred language and region. These settings will determine the default options for your device, such as date, time, and keyboard preferences. Step 2: Transfer Your Data Transferring data from your old device ensures you retain important files, contacts, and settings. Depending on your previous device, you can choose from several methods: From another iPhone: Use the Quick Start feature by placing your old and new iPhones near each other. This allows for a wireless transfer of data and settings. Use the Quick Start feature by placing your old and new iPhones near each other. This allows for a wireless transfer of data and settings. From iCloud: Restore your data from an iCloud backup during the setup process. Restore your data from an iCloud backup during the setup process. From a Mac or PC: Connect your iPhone to your computer and use Finder (macOS Catalina or later) or iTunes to transfer data manually. Connect your iPhone to your computer and use Finder (macOS Catalina or later) or iTunes to transfer data manually. From Android: Download the 'Move to iOS' app on your Android device to migrate contacts, photos, and other data seamlessly. Select the method that best suits your situation and follow the prompts to complete the transfer. Ensure your old device is fully charged and connected to Wi-Fi for a smooth process. Step 3: Connect to Wi-Fi and Set Up Your SIM To activate your iPhone, connect to a reliable Wi-Fi network or use cellular data. If your iPhone uses a physical SIM card, insert it into the SIM tray using the provided ejector tool. For eSIM-compatible models, follow the on-screen instructions to scan a QR code or manually enter the eSIM details provided by your carrier. This step is essential to enable calls, texts, and mobile data on your device. Step 4: Sign In with Your Apple ID Your Apple ID is central to accessing key iPhone features like the App Store, iMessage, FaceTime, and iCloud. During setup, sign in with your existing Apple ID or create a new one if you don't already have an account. Use a strong password and enable two-factor authentication for enhanced security. By signing in, your data, such as photos, notes, and app preferences, will sync across all your Apple devices, making sure a seamless experience. Step 5: Set Up Security Features Securing your iPhone is a critical step. Configure biometric authentication by setting up Face ID or Touch ID, depending on your device model. These features allow you to unlock your phone, authorize purchases, and access apps securely. Additionally, create a passcode for added protection. You can choose a six-digit code, four-digit code, or a custom alphanumeric passcode. These measures ensure your personal information remains safe. Step 6: Personalize Your iPhone Customizing your iPhone allows you to tailor it to your preferences and needs. Adjust the following settings to make your device uniquely yours: Display Preferences: Choose between light mode, dark mode, or auto mode, which adjusts based on ambient lighting conditions. Choose between light mode, dark mode, or auto mode, which adjusts based on ambient lighting conditions. Home Screen Layout: Organize app icons, create folders, and adjust widget placement for easy access to frequently used features. Organize app icons, create folders, and adjust widget placement for easy access to frequently used features. Sounds and Haptics: Set custom ringtones, vibration patterns, and notification tones to suit your style. These adjustments enhance your overall user experience and make your iPhone feel more personal. Step 7: Enable Advanced Features Maximize your iPhone's potential by setting up additional features that improve functionality and usability: Location Services: Enable GPS for apps like Maps, Weather, and Find My iPhone. Enable GPS for apps like Maps, Weather, and Find My iPhone. Siri: Set up Apple's voice assistant to perform tasks, answer questions, and provide hands-free assistance. Set up Apple's voice assistant to perform tasks, answer questions, and provide hands-free assistance. Screen Time: Monitor and manage your device usage by tracking app activity and setting daily limits. Monitor and manage your device usage by tracking app activity and setting daily limits. iOS Updates: Decide whether to enable automatic updates for convenience or opt for manual updates to maintain control over software changes. Decide whether to enable automatic updates for convenience or opt for manual updates to maintain control over software changes. Analytics Sharing: Review your preferences for sharing usage data with Apple to help improve their services. These features enhance your iPhone's capabilities and allow you to make the most of its advanced technology. Step 8: Finalize and Explore Before completing the setup, review and accept Apple's terms and conditions. Once accepted, your iPhone will finalize the configuration process and take you to the home screen. From here, you can begin exploring your device, downloading apps, and further customizing it to suit your lifestyle. Take time to familiarize yourself with the settings and features to ensure you're getting the most out of your new iPhone. Check out more relevant guides from our extensive collection on iPhone setup guide that you might find useful. Source & Image Credit: Simple Alpaca Latest Geeky Gadgets Deals Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy
