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Tesla short sellers made $9 billion, but current profit or loss is unclear

Short sellers in Tesla booked about $9.008 billion in mark-to-market gains after the stock’s sharp fall, an analysis showed. The figure was calculated immediately after the July 23 drop and does not represent the group’s real-time profit or loss as of August. Tesla later fell further before rebounding. The company’s second-quarter results, weak operating profit, negative free cash flow and heavy spending on long-term projects weighed on the shares.

Industry

Samsung Display, LG Display unveil next-generation OLED technologies at IMID

Samsung Display and LG Display showcased next-generation OLED technologies at IMID 2026 in Busan on Aug. 19, unveiling advances such as a wide-view foldable OLED and a large stretchable display. LG Display introduced FLiPP, a maskless pixel patterning method that it said improves aperture ratio and can raise brightness, extend lifespan or cut power use. Both companies won IMID’s display awards, and Samsung Display presented 57 technical papers.

Industry

Unitree IPO frenzy leaves question of when robots will do housework

China’s humanoid robot maker Unitree has pulled off a record-breaking IPO, but attention is shifting from flashy demonstrations to whether its robots can earn money in factories and homes. The company raised about $900 million and was valued at about 61 billion yuan, with heavy subscription demand. Analysts and filings point to limits in dexterity, durability and battery life, while high valuation and U.S. regulatory risks loom.