Elon Musk will love this: Tesla short sellers lost more than the US airline industry this year

www.cnn.com/2020/12/04/investing/tesla-short-sellers-elon-musk/index.html

According to analysis by S3 Partners, short investors in Tesla— those who placed bets in the market that its shares would lose value — have lost $35 billion on those positions so far this year.

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Tesla short sellers lost $8.5 billion in November alone, as the company’s shares climbed 46% in the month. That’s more than the $6.7 billion Tesla itself lost in the 11 years from when it first reported results in 2008 to the end of last year.

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Dusaniwsky said many of the shorts have closed out their positions — the number of Tesla shares held by short sellers is down 63% so far this year. But he said many are still unwilling to change their minds, despite the losses.

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