Investors betting against's stock have lost more than $8 billion since the beginning of the year, according to data from S3 Partners, including nearly $2.5 billion in losses on Monday's surge alone.
Tesla has more short sellers than any other U.S. stock, S3 says, with over 18% of its publicly available shares sold short. The short sellers are investors who borrow shares from a bank and then sell them, hoping the stock will go down. If it does, then the short sellers buy them back at lower prices and return them to the bank, profiting on the difference.
But the opposite is happening with Tesla. If a stock price instead trends higher, short sellers are forced to buy back the equity at a higher price in order to cut their mounting losses. With shares ofAt one point Monday,S3 Partners' Ihor Dusaniwsky said Tesla shorts are down $8.3 billion in mark-to-market losses so far in 2020, including almost $2.5 billion in mark-to-market losses on Monday.for the first time.
including tesla analyst.. 😂😂
Short against the box?
$TSLA here comes the PUMP . I'm long again ! 🤑
elonmusk warned repeatedly not to go short - you guys didn’t listen 😄
Telsa. Hacks at CNBC are at it again.
Tesla*
You guys at least put effort to spell correctly?
take the L short-sellers